Harmon Memorial Hospital
Hollis, OK
· CCN 371338
Licensed to Jackson County Memorial Hospital Authority
Composite
52.9
rank score
Distress
90
FY2024
Fit
31
vs thesis
Estimated ticket
$1.3M–$2.6M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $6.0M |
| Operating margin | -16.5% |
| Total margin | -15.8% |
| Days cash on hand | 0 |
| Current ratio | 0.21 |
| Occupancy | 14% |
Facility
| Beds | 22 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 22 | $5.3M | $-1.4M | -28.5% | -26.9% | 1 | 0.36 | 23% | 113 | 100 |
| 2022 | 22 | $5.1M | $-1.9M | -43.3% | -34.9% | 1 | 0.21 | 18% | 120 | 100 |
| 2023 | 22 | $6.3M | $-250K | -8.6% | -3.8% | 0 | 0.22 | 22% | 125 | 90 |
| 2024 | 22 | $6.0M | $-960K | -16.5% | -15.8% | 0 | 0.21 | 14% | 93 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jackson County Memorial Hospital Authority | 5% or greater direct ownership interest | 100 | 2019-03 | |
| Carrol Holder | corporate director | 2022-07 | ||
| Corwin Petzold | corporate director | 2013-08 | ||
| David Brown | corporate director | 2016-01 | ||
| Elizabeth Whiting | w-2 managing employee | 1999-04 | ||
| Ernest James | corporate director | 2022-07 | ||
| Gary Beach | corporate director | 2014-08 | ||
| Joe Freeman | corporate director | 2025-10 | ||
| Matt Coppock | corporate director | 2014-03 | ||
| Steven Hartgraves | corporate officer | 2014-04 | ||
| Steven Hartgraves | corporate director | 2014-03 | ||
| Steven Hartgraves | w-2 managing employee | 2014-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-03-01 | change of ownership | Jackson County Memorial... | Harmon County Healthcare Authority |
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 |