Hillcrest HealthCare System (HHS) has successfully completed the purchase of Claremore Regional Hospital as well as SouthCrest Hospital in Tulsa. The price and financial terms of the agreement were not disclosed.
The transaction included the assets and operations of the 180-bed SouthCrest Hospital, the 89-bed Claremore Regional Hospital, more than 70 primary care physicians, specialists and mid-level providers and 1,100 employees.
“This is a milestone day for Hillcrest, its patients and residents of south Tulsa and Rogers County,” said Kevin J. Gross, CEO of HHS and president of the Oklahoma Division of Ardent Health Services. “We can now provide more access to quality health care for our patients, offer a network of 230 exceptional physicians and begin to invest and expand the capabilities at both SouthCrest and Claremore Regional.”
The first part of that expansion is already under way. The construction of two new heart catheterization labs has begun at SouthCrest Hospital. It’s an investment of $3.2 million. At Claremore Regional, interventional cath procedures will be introduced later this month and an $800,000 internal facilities update will soon be completed that includes walls, floors and ceiling renovations.
In the coming weeks and months, Gross and his management team will work closely with physicians and members of leadership at SouthCrest and Claremore Regional to create and implement a smooth transition that will enhance patient services and quality.
The acquisition is another example of investment in Tulsa and Oklahoma by Hillcrest’s parent company, Ardent Health Services. To date, more than $265 million has been invested into Hillcrest’s facilities, equipment and people since 2004.