Health Management Associates this week finalized a deal that will give the Naples, FL-based hospital chain an 80% controlling stake in five Integris Health Oklahoma hospitals.
Financial terms were not disclosed for the deal, which was finalized April 1.
"We are very pleased to partner with Integris Health and welcome these five hospitals into the Health Management family," HMA president/CEO Gary D. Newsome said in prepared remarks.
The deal is just the latest in a string of acquisitions of not-for-profit hospitals by for-profit hospital companies in all parts of the country. It's a trend that shows no sign of slowing down. The 2012 HealthLeaders Media Healthcare Mergers & Acquisitions Survey found that 78% of healthcare leaders say they will have deals under way or will be exploring deals in the next 12–18 months. (Download the free, full report here.)
Earlier this year Moody's Investors Service noted the significant challenges that not-for-profit hospitals continue to face, including: