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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