HPI Community Hospital Group, INTEGRIS and USPI to Form Joint Venture to Improve Access to Care in Oklahoma City
Aug. 17, 2018
OKLAHOMA CITY & ADDISON, Texas--(BUSINESS WIRE)--Aug 17, 2018--HPI Holdings LLC, an operator of hospitals, outpatient centers and clinics in Oklahoma City, INTEGRIS, Oklahoma’s most advanced health care system, and United Surgical Partners International (USPI), a leading provider of ambulatory services in the United States, have entered into an agreement to form a joint venture designed to offer patients and families more choice and flexibility of care settings.
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The joint venture combines HPI’s comprehensive service offerings and convenience of care, the INTEGRIS system’s unmatched continuum in Oklahoma and the management infrastructure and capabilities of USPI. It also establishes an affiliation of more than 1,300 accomplished physicians, representing a wide variety of specialties with practices across metro Oklahoma City.
HPI Community Hospital locations include the north campus at 9800 Broadway Extension, the south campus at 3100 SW 89th Street and the Northwest Surgical Hospital at 9204 N. May Avenue. The INTEGRIS network includes Baptist Medical Center, Southwest Medical Center and Lakeside Women’s Hospital in Oklahoma City, as well as Canadian Valley Hospital in Yukon and INTEGRIS Health Edmond hospital in Edmond, OK.
“It is more important than ever that health care leaders continue to find ways to offer high quality care in affordable settings,” says Ed Gray, President and CEO of HPI. “We’ve been successful developers and service providers in standalone settings, and we’re pleased to continue development in that space while also establishing stronger connectivity to INTEGRIS, which offers Oklahoma’s most comprehensive level of services from primary care to transplant and everything in between.”
“The joint venture helps INTEGRIS continue our progress toward improving consumer access to care, delivering exceptional patient experiences, lowering the overall cost of care, and growing the number of people and families we’re able to serve,” says Tim Pehrson, President and CEO of INTEGRIS.
Brett Brodnax, President of USPI, states, “USPI is honored to both expand our relationship with INTEGRIS and establish this partnership with HPI. HPI physicians, management and staff have distinguished themselves by serving the surgical needs of the Oklahoma City community with excellence in quality, safety and patient satisfaction.”
The transaction is expected to close during the fourth quarter of 2018, subject to customary regulatory approvals and closing conditions. Brown Gibbons Lang & Company initiated the transaction and was the exclusive financial advisor to HPI.
HPI Community Hospital Group is a CMS 5-star rated and Blue Distinction Center + operator of physician-owned hospitals, outpatient centers and clinics in Oklahoma City, Okla. For more information visit www.hpillc.org.
INTEGRIS, an Oklahoma-owned not-for-profit health system in the state, is recognized for quality and innovation and offers advanced treatment options and specialties found nowhere else in the region. INTEGRIS is a member of the Mayo Clinic Care Network. For more information, visit integrisok.com.
United Surgical Partners International is an ambulatory healthcare provider serving approximately 3 million patients a year in collaboration with over 9,000 physicians and over 50 prominent health system partners nationwide. The company, which is a subsidiary of Tenet Healthcare Corporation, currently operates more than 270 surgical facilities, more than 100 urgent care centers and 24 imaging centers. For more information, please visit uspi.com.
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KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA TEXAS
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SOURCE: United Surgical Partners International
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PUB: 08/17/2018 09:30 AM/DISC: 08/17/2018 09:30 AM