Ardent Health Services Completes Lease Agreements With Regional Hospitals As Part Of Hillcrest HealthCare System

NASHVILLE, Tenn., Nov. 1 /PRNewswire/ -- Ardent Health Services announced today it has completed leases with six regional hospitals that are part of Hillcrest HealthCare System, Tulsa, Okla.

The independent regional hospitals have long-standing leases with HHS that allows the system to operate their facilities. The local owners had the option to review these leases with the recent change of ownership. When Ardent announced its acquisition of HHS, the company had said it would pursue leases with these six hospitals.

"These regional hospitals are vital parts of their communities and a vital part of our region's health care system," said Kevin Gross, president, Hillcrest HealthCare System. "We are delighted these hospitals have chosen to remain within the Hillcrest system as we continue to provide quality health care for patients throughout northeastern Oklahoma."

The hospitals that have renewed their leases with Hillcrest include: - Bristow Medical Center, Bristow - Cleveland Area Hospital, Cleveland - Cushing Regional Hospital, Cushing - Henryetta Medical Center, Henryetta - Pawnee Municipal Hospital, Pawnee - Wagoner Community Hospital, Wagoner

In addition to the regional hospitals, Hillcrest HealthCare System includes Hillcrest Medical Center, a 557-licensed bed medical center that consists of a comprehensive rehabilitation facility and the region's only women's hospital; Tulsa Regional Medical Center, a 331-licensed bed facility that is the nation's largest osteopathic teaching hospital; and Hillcrest Specialty Hospital, a long-term care hospital.

The Hillcrest HealthCare System was recently purchased by Ardent. Over the next five years, Ardent will invest approximately $100 million into HHS for new equipment, equipment replacement, facility renovations, new facilities, medical office space, information systems and other capital improvements.

Ardent Health Services is a provider of health care services to communities throughout the United States. Ardent currently operates 35 hospitals in 14 states, providing a full range of medical/surgical, psychiatric and substance abuse services to patients ranging from children to adults.

Ardent Health Services

CONTACT: Shea Davis of Ardent Health Services, +1-615-296-3240