Here are six things to know about the partnership.
1. The combined resources of OU Medicine, UHAT and St. Anthony’s includes more than 23 hospitals and affiliates across the state.
2. The network will include more than 1,100 physicians and providers.
3. Officials said a financial plan is under development. The plan also includes a new patient tower at OU Medical Center.
4. Officials from St. Anthony and UHAT will share governance and fiscal responsibility for the new network, with St. Anthony managing daily operations.
5. The transaction will reportedly be finalized by mid-2017, pending regulatory approval. Officials expect to finalize the deal by mid-2017. The network will not use state funding.
6. Nashville-based Hospital Corporation of America currently manages OU Medical Center. UHAT and HCA also maintain a relationship, but plan to end their association within the first half of 2017.
More articles on transactions and valuations:
University of Florida calls off deal with Sanford Burnham research hub
Otsego Memorial Hospital to join Michigan rehabilitation network
UCSF Health, John Muir Health to expand cancer care collaboration
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.