A group of doctors and the Schuster Group, Oklahoma City, will buy 25-bed Anadarko (Okla.) Municipal Hospital from its municipal owner for $1.16 million as of Aug. 9. Anadarko, a city of 6,520 located about 65 miles southwest of Oklahoma City, will assume $625,000 in hospital debts. The hospital has been running annual deficits of up to $300,000, despite a city subsidy of about $500,000, City Manager Alan Riffel said. The city built the facility in 1975 and downsized it from 52 beds to a 25-bed critical-access hospital two years ago. "It's been a very costly venture for a municipality and has been underutilized for a number of years," Riffel said. The Schuster Group purchased 39-bed Seminole (Okla.) Medical Center in 1999 and owns interests in two other Oklahoma hospitals, which it manages. Its partner in the latest venture is 17-doctor Southern Plains Medical Investors. At deadline, Schuster Group officials could not be reached for comment. -- by Mark Taylor
Private investors to buy critical-access hospital
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