HMA Takes Controlling Stake in 5 Non-Profit Hospitals
Moody's also noted that mergers and acquisitions generally strengthen health systems' balance sheets, improve management, governance, and efficiencies, and provide an exit for bond holders.
The Integris Health hospitals are: 53-bed Integris Blackwell Regional Hospital; 64-bed Integris Clinton Regional Hospital; 25-bed Integris Marshall County Medical Center, in Madill; 52-bed Integris Mayes County Medical Center, in Pryor; and 32-bed Integris Seminole Medical Center. The five hospitals total 226 licensed beds and generated about $95 million of net revenue, before the provision for doubtful accounts over the past year.
HMA subsidiaries operate 71 hospitals with about 10,600 licensed beds in non-urban communities in 15 states. Not-for-Profit Integris Health Oklahoma is the state's largest health system. Approximately six out of every 10 Oklahomans reside within 30 miles of an Integris Health facility.
John Commins is a senior editor with HealthLeaders Media.
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