Griffin Memorial Hospital
Norman, Cleveland County, OK
· CCN 374000
Licensed to State Of Oklahoma
Composite
61.5
rank score
Distress
70
FY2024
Fit
75
vs thesis
Estimated ticket
$23.1M–$92.4M
120 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $4.3M |
| Operating margin | -719.5% |
| Total margin | -25.8% |
| Days cash on hand | 12 |
| Current ratio | 2.00 |
| Occupancy | 88% |
Facility
| Beds | 120 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 120 | $3.4M | $2.6M | -747.7% | 8.4% | 346 | 11.97 | 97% | 1,158 | 28 |
| 2022 | 120 | $6.8M | $5.5M | -342.4% | 15.3% | 323 | 6.61 | 94% | 1,483 | 28 |
| 2023 | 120 | $7.2M | $-4.2M | -357.4% | -14.8% | 0 | 0.39 | 87% | 1,438 | 91 |
| 2024 | 120 | $4.3M | $-7.3M | -719.5% | -25.8% | 12 | 2.00 | 88% | 2,819 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| State Of Oklahoma | 5% or greater direct ownership interest | 100 | 2013-08 | |
| Paulette Grimes | w-2 managing employee | 2025-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.