Shuttered Oklahoma hospital plans to reopen

Sayre (Okla.) Memorial Hospital, which abruptly closed in February 2016, will reopen under new ownership, according to KGOU.

Sayre Memorial faced financial troubles for years before ceasing operations Feb. 1, 2016. Hospital officials said the closure was due to a number of factors, including Oklahoma's decision not to expand Medicaid under the ACA and a reduction in Medicare reimbursements.

The Sayre Memorial Hospital Authority finalized the sale of the hospital to Healthcare Properties Transaction Group of Oklahoma, which is made up of a group of investors, in January. HPTG plans to reopen the facility under a new name — Sayre Community Hospital — at the end of June. 

HPTG is currently finalizing contracts with surgeons and some of the hospital's former employees will rejoin Sayre Community Hospital, according to the report.

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