OKLAHOMA CITY - OU Medicine has announced a new nonprofit that will take over the day-to-day operations as well as the management for the hospitals. They also announced new additions that will be coming to the hospitals in the next five years.
"As of 8:15 this morning, the certificate of merger was filed with the Secretary of State. OU Medicine is now in business,” said Mike Samis, Chairman of University Hospitals Authority and Trust.
OU Hospital systems have been owned by Hospital Corporation of America out of Tennessee since 1998 with joint operations with University Hospitals Authority and Trust.
Now, a local nonprofit called OU Medicine Inc. is taking over.
It's a move the hospital system's leadership said will have a $50 million economic impact annually.
"By the end of this month, we will have added 200 new jobs into the state. Many of those jobs are replacing corporate services once supplied by HCA," said President and CEO of OU Medicine Chuck Spicer.
Another 100 new jobs will be added by the end of the year.
Also announced is a new $363 million bed tower at OU Medical Center that will add more than 32 new operating rooms and more than 140 new beds.
"Over the next five years, we'll spend over half a billion dollars in improving lives of people in Oklahoma by investments in plan and equipment,” Spicer said.
That will also include more than 30 new beds for OU Children's Hospital investment into the Edmond campus, as well.
The bed tower is scheduled to be complete in 2020.
OU Medicine Inc. owns and operates OU Medical Center, Children's Hospital, OU Physicians and the Stephenson Oklahoma Cancer Center, to name a few.