Health Management Associates, Naples, Fla., plans to form a joint venture with Integris Health, Oklahoma City, to operate five Oklahoma hospitals, according to a Health Management news release.
HMA to form joint venture with Integris
The hospitals are: 31-bed Integris Blackwell (Okla.) Regional Hospital; 49-bed Integris Clinton (Okla.) Regional Hospital; 21-bed Integris Marshall County Medical Center in Madill; 39-bed Integris Mayes County Medical Center in Pryor; and 32-bed Integris Seminole (Okla.) Medical Center. The hospitals had a total of $95 million in revenue combined over the last 12 months, according to the release. Integris owns the Seminole hospital and leases the other four hospitals.
Terms of the deal, including the ownership split between Health Management and Integris, were not disclosed.
Last year, Health Management formed a joint venture with Shands HealthCare, Gainesville, Fla., to own and operate three rural hospitals. Health Management bought a 60% stake in the three hospitals, with Shands retaining a 40% interest. Health Management also has a joint venture with Novant Health, Winston-Salem, N.C., in which Novant has a 99% operating interest in two hospitals and a 30% interest in another hospital, with Health Management holding the remaining stakes in the hospitals.
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