The potential agreement has been in the works for more than a year, and a partnership first came to light last May. Under a “long-term” management contract, Mercy will make unspecified investments to update OSU Medical Center. Specific financial details of the transaction were not disclosed, as an agreement has not been officially signed yet.
OSU Medical Center, one of the largest osteopathic teaching hospitals in the country, is overseen by the state-run Oklahoma State University Medical Authority. No timeline was given for when Mercy would fully take over OSU Medical Center’s operations.
In 2012, OSU Medical Center ended its management agreement with St. John Health System, also in Tulsa.
More Articles on Hospital Transactions:
13 Recent Hospital Transactions and Partnerships
3 Health Systems Express Interest in Jameson Health System
Grays Harbor Community Hospital Seeks to Become Public-Owned
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
