OKLAHOMA CITY, OK (November 1, 2011) - INTEGRIS Health and Health Management Associates (NYSE: HMA) today announce they’ve entered into a Letter of Intent to form a partnership to operate five INTEGRIS hospital facilities located in Blackwell, Clinton, Madill, Pryor and Seminole. Due diligence will begin immediately, and the partnership is expected to be finalized in early 2012.
INTEGRIS Health has a proven track record of successful partnerships – from our INTEGRIS Cancer Institute’s relationship with ProCure, which brought the region’s only proton technology, to lab, physician, home health and medical equipment ventures,” says INTEGRIS President and CEO Bruce Lawrence. “We have always sought out the best and most innovative relationships that help us to deliver the highest caliber care in every community we serve.
This INTEGRIS / Health Management partnership, when complete, will unite the strengths of two highly reputable health care organizations. INTEGRIS Health is Oklahoma’s largest health care system, and includes a network of 16 hospitals and nearly 100 affiliated clinics including Jim Thorpe Rehabilitation, Nazih Zuhdi Transplant Institute, the INTEGRIS Heart Hospital and other Centers of Excellence.
Naples, Fla.-based Health Management operates 66 hospitals in 15 states, including two already in Oklahoma: Midwest Regional in Midwest City and the Medical Center of Southeastern Oklahoma in Durant. Health Management is recognized as a national leader in successful operations and management of non-urban hospital facilities.
This partnership will offer an additional benefit to both parties through a strengthened clinical affiliation between Health Management’s existing facilities in the region and INTEGRIS Health,” says Lawrence, who adds, “and it will create a strong foundation for additional INTEGRIS / Health Management partnerships going forward.
We are extremely pleased to have been chosen by INTEGRIS Health from among multiple bidders to continue our negotiations on an exclusive basis to seek to execute a definitive agreement for the joint venture of these outstanding hospitals,” said President and CEO Gary D. Newsome of Health Management. “The dedication to delivering high quality care to the communities served by the physicians, medical professionals and hospital staffs of these five hospitals has been evident throughout our initial discussions. We look forward to the next step – the negotiation of a binding agreement that will allow us to partner with Oklahoma’s largest healthcare corporation to enable America’s best local health care throughout the state.
The hospitals in Blackwell, Clinton, Madill, Pryor and Seminole will continue to carry the INTEGRIS brand name.