The board of 68-bed Woodward (Okla.) Regional Hospital said it has agreed to a 20-year lease of the hospital, which has been managed by Quorum Health Resources (QHR), to QHR's parent, Triad Hospitals, Plano, Texas. Along with purchases of equipment, inventory and accounts receivable, the deal has a present value of $9.5 million. It marks Triad's third attempt to purchase a QHR-managed hospital since Triad bought the company in April 2001. One deal is awaiting regulatory approval in North Carolina. Triad dropped the other deal after West Virginia certificate-of-need regulators made it clear they would not approve plans for a replacement hospital that Triad wanted to build in Fairmont, W.Va. Triad owns or operates 49 hospitals, excluding pending deals. -- by Vince Galloro
Triad, Okla. hospital agree to 20-year lease
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