OU Medicine, SSM Health, UHAT sever plans for formal affiliation: 4 things to know

The University Hospitals Authority and Trust, OU Medicine, SSM Health’s St. Anthony Hospitals and the St. Anthony Physicians Group — all in Oklahoma City — severed ties to complete a formal affiliation.

Advertisement

Here are four things to know about the discontinued transaction.

1. Despite ending plans to formally unite the organizations’ governance and financial interests, the facilities will “work to enhance care by clinically integrating their organizations.”

2. The decision to end their proposed affiliation was reportedly mutual, according to a press release from SSM Health, the parent company of St. Anthony Hospitals and St. Anthony Physicians Group.

3. The decision will not affect UHAT’s previously declared intent to purchase the Nashville-based Hospital Corporation of America’s interest in OU Medicine. HCA is the current manager and joint owner of the health system’s hospitals and health facilities.

4. UHAT officials expect to complete the ownership transition by late summer 2017.

More articles on transactions and valuations:
Advanced ICU Care to partner with Premier Health hospital: 4 things to know
Wisconsin bill aims to disband UW partnership with Planned Parenthood: 5 things to know
18 recent hospital transactions and partnerships

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.