Seiling Municipal Hospital
Seiling, Dewey County, OK
· CCN 371332
Licensed to Seiling Municipal Hospital Authority
Composite
32.9
rank score
Distress
42
FY2024
Fit
35
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $11.6M |
| Operating margin | -3.7% |
| Total margin | 3.0% |
| Days cash on hand | 18 |
| Current ratio | 1.04 |
| Occupancy | 38% |
Facility
| Beds | 18 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 18 | $7.9M | $299K | -28.9% | 2.9% | 122 | 0.56 | 27% | 104 | 66 |
| 2022 | 18 | $11.1M | $-532K | -10.7% | -4.5% | 94 | 0.72 | 39% | 141 | 74 |
| 2023 | 18 | $11.4M | $487K | -5.5% | 3.9% | 56 | 0.85 | 37% | 86 | 61 |
| 2024 | 18 | $11.6M | $376K | -3.7% | 3.0% | 18 | 1.04 | 38% | 68 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Seiling Municipal Hospital Authority | 5% or greater direct ownership interest | 100 | 2014-10 | |
| Amy Biggs | corporate director | 20 | 2015-05 | |
| Brandon Mccurley | corporate director | 20 | 2014-10 | |
| Colby Sander | corporate director | 20 | 2019-04 | |
| Michael Nichols | corporate director | 20 | 2014-10 | |
| Mickey Louthan | corporate director | 20 | 2014-10 | |
| Mickey Louthan | w-2 managing employee | 2014-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in OK
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2021-11-01 | Rural Wellness Anadarko Inc | Rha Anadarko Inc | Physicians Hospital At Anadarko | 25 |
| 2021-11-01 | Rural Wellness Stroud Inc | Rha Stroud, Inc | Stroud Regional Medical Center | 25 |
| 2020-12-31 | Prague Healthcare Authority | Trancendental Union With Love And... | Prague Community Hospital | 25 |
| 2020-05-15 | Haskell Regional Hospital Inc | Cah Acquisition Company 16 Llc | Haskell Regional Hospital | 25 |
| 2020-04-13 | Drumright Community Hospital Llc | Cah Acquisition Company 4, Inc | Drumright Regional Hospital | 15 |
| 2020-03-20 | Rural Wellness Fairfax Inc | Cah Acquisition Company 12 Llc | Fairfax Community Hospital | 25 |
| 2019-04-05 | Memorial Hospital Of Texas County Authority | Srp Guymon Llc | Memorial Hospital Of Texas County | 6 |
| 2019-03-01 | Jackson County Memorial Hospital Authority | Harmon County Healthcare Authority | Harmon Memorial Hospital | 22 |
| 2017-06-30 | Mangum City Hospital Authority | Blackhawk Mangum Llc | Mangum Regional Medical Center | 18 |