HCA sell­ing stake in Ok­la­homa Univer­sity Med­i­cal Cen­ter

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

HCA Hold­ings is sell­ing its in­ter­est in Ok­la­homa Univer­sity Med­i­cal Cen­ter and OUMC Ed­mond to an af­fil­i­ate of the Univer­sity Hos­pi­tals Author­ity and Trust for $750 mil­lion, the or­ga­ni­za­tions an­nounced last week.

The trans­ac­tion also in­cludes an early ter­mi­na­tion of HCA’s lease of Chil­dren’s Hos­pi­tal at Ok­la­homa Univer­sity Med­i­cal Cen­ter in Ok­la­homa City and an as­so­ci­ated joint op­er­at­ing agree­ment.

In place of HCA, SSM Health and Univer­sity Hos­pi­tals Author­ity and Trust will share gov­er­nance and fi­nan­cial re­spon­si­bil­ity over a newly cre­ated health­care net­work. SSM will man­age day-to-day op­er­a­tions of the net­work.

HCA and the hos­pi­tal author­ity will end their re­la­tion­ship in the first half of next year. Both trans­ac­tions are sub­ject to reg­u­la­tory ap­provals and are ex­pected to be fi­nal­ized in the first half of 2017.

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