INTEGRIS announced today that it has signed a definitive agreement to purchase all associated assets of Deaconess Hospital located near N.W. 50th and Portland in Oklahoma City from an affiliate of Community Health Systems, Inc. (NYSE: CYH) headquartered in Franklin, Tennessee.
Deaconess operates under the AllianceHealth brand name in Oklahoma and the purchase does not include other AllianceHealth facilities in the state. INTEGRIS will continue operations in the Deaconess facility offering quality health care to area residents.
“This purchase will provide much needed additional capacity for INTEGRIS,” said Chris Hammes, Interim President & CEO, who added, “We see tremendous community benefit and anticipate a seamless transition.”
“Deaconess has offered quality health care services to local residents for many years,” said Damon Brown, Interim CEO, AllianceHealth Deaconess. Brown added, “We believe the combination with INTEGRIS sustains and enhances Deaconess’ commitment for delivery of quality health care and services to the community.”
Due diligence efforts continue, and the transaction is expected to close during the third quarter of 2018, subject to customary regulatory approvals and closing conditions.
Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to INTEGRIS Health on this transaction.
