Summit Medical Center
Property Overview
Summit Medical Center is a private, physician-owned multi-specialty hospital providing patients with an array of top medical specialties and services in one convenient location. Since its opening in 1995, Summit Medical Center (the “Hospital” or “SMC”) has been providing patients with the highest quality outpatient and inpatient surgical procedures, including the best bariatric surgery in Oklahoma.
Located in Edmond, OK, the Hospital is situated near a strong and growing population, with an estimated population of 1,425,000 for the Oklahoma City MSA. According to the 2020 census, Oklahoma City, located 15 miles south of Edmond, is the sixth fastest-growing city among the top 25 largest cities by population, which grew by 17.4% over the past decade.
Portfolio Highlights
Confidential Offering Memorandum
Investment Highlights
BEST-IN-CLASS SURGICAL HOSPITAL
Summit Medical Center is a physician-owned multi-specialty hospital that is fully accredited by the Centers for Medicare and Medicaid Service, providing patients with an array of the most advanced outpatient and inpatient surgical procedures.
STATE-OF-THE-ART FACILITY
The Hospital consists of three (3) operating rooms, nine (9) licensed beds, including two (2) ICU beds, for overnight inpatient stay, and nineteen (19) observation beds, procedure rooms, as well as pre-op and post-op areas, a 24/7 emergency room and radiology department, and a commercial grade kitchen.
HOSPITAL EXPANSION
The Hospital underwent significant expansion and renovation in 2015, adding 33,000 SF over three stories to include imaging, procedures rooms, nurse stations, clinical space, and patient beds.
PHYSICIAN-OWNED & MANAGED
The Hospital is owned and operated by a team of local physicians and healthcare experts with a shared mission of delivering patients superior care at an affordable rate. In a government study, nine of the top 10 hospitals and 48 of the top 100 hospitals in the United States are physician-owned.
IN-NETWORK
SMC is in-network with most major commercial payors, including Medicare, Medicaid, TriCare, Healthchoice, Aetna, Cigna and BCBS.
HIGH BARRIER TO ENTRY
SMC is grandfathered under the Affordable Care Act (ACA) for CMS reimbursement, which prevents any new physician-owned hospitals from being built or expanded, ensuring long-term stability and growth.
CENTER OF EXCELLENCE
SMC is a Bariatrics Center of Excellence, which includes gastric bypass surgery, gastric sleeve surgery, and lap-band surgery.
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