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Shuttered Oklahoma hospital strikes deal to reopen

Sayre (Okla.) Memorial Hospital, a 31-bed nonprofit hospital, abruptly closed almost a year ago. Under a deal finalized Tuesday, the hospital will have the chance to reopen, according to a KECO news report.

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 hospital will soon begin a new chapter, as the Sayre Memorial Hospital Authority finalized the sale of the hospital to Healthcare Properties Transaction Group of Oklahoma on Tuesday.

Although no official timeline has been set for Sayre Memorial to reopen, Sayre Mayor Eddie Lakey told KECO news he believes the facility will reopen soon.

More articles on healthcare industry transactions:

Hospital M&A activity jumps 55 percent in 6 years: 5 findings
CHS responds to Florida hospital's divestiture request
UnityPoint Health-Waterloo to buy bankrupt Iowa hospital

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