The Norman Transcript

Local news

February 26, 2007

Norman Regional buys Moore Medical Center, pays $34 M

Transcript Staff Writer

OKLAHOMA CITY -- With just two days to go before its operating capital was exhausted, the Moore Medical Center was sold Monday for $34,250,000 in cash -- to the Norman Regional Health System.

Originally considered the "second place" bidder for the facility, officials with Norman Regional made a last-minute offer early today which trumped a previous bid of $32 million by Oklahoma City-based Integris Health.

That bid, made by Integris on Feb. 12, has been considered the winning offer for the 45-bed acute-care facility. Several other proposals, including a $55 million bid from Acadiana Healthcare and a $49 million proposal from Moore Medical Holdings LLC-Oklahoma Healthcare LLC, failed.

Monday's action drew praise from Oklahoma City federal bankruptcy judge T.M. Weaver.

"The court is pleased," Weaver told the more than 20 attorneys in attendance. "We're pleased this has ended in a way to allow the hospital to continue to operate."

Weaver then approved the sale, ending a three-month saga to find a buyer for hospital.

With its cash almost gone and more than 350 jobs on the line, the sale keeps Moore's lone acute-care facility open.

"We're excited," said NRH chief David Whitaker following the hearing. "We'll close on Feb. 28."

Whitaker said he and Schuster Group CEO Michael Schuster would meet with hospital employees and volunteers this week. "Mr. Schuster and I have agreed to meet with the staff, doctors and volunteers of the hospital on Tuesday," he added. "I know there will be many questions."

After the sale is completed, Whitaker said the employees of the hospital would become employees of Norman Regional. "Once we close and take possession, those employees will be part of our system."

In addition to his meeting with the staff, Whitaker said Norman Regional is developing a transition team to streamline the change of ownership and will add the Moore hospital to its existing state hospital license to ensure continued operation.

Text Only | Photo Reprints
Local news
  • Injury accident reported

    Transcript Staff Emergency crews responded to an injury accident around 10:20 p.m. Sunday in the 1000 block of 80th Avenue Southeast where there were reports of someone pinned. Several reports indicated a vehicle struck a tree causing one ...

    July 28, 2014

  • Braddy_1. Norman North teen struck by freight train recovering with therapy

    A Norman North teen struck by a freight train in May is on the road to recovery and ready to get back to school after spending most of his summer in a hospital. Harrison Braddy, 16, has been staying busy with rehab and physical therapy ...

    July 28, 2014 1 Photo

  • Migrant kids go to Mass

    The services have all the elements of a typical Sunday Mass — singing, scripture, a sermon, prayers, communion and worship....

    July 27, 2014

  • Prisons expand reach to bring training to more officers

    McALESTER — Joshua Drake once was offered the chance to be a corrections officer but turned it down because he didn’t want to leave his wife and aging parents for six weeks to train hundreds of miles away in El Reno....

    July 27, 2014

  • Storm victims face loan dilemma

    The tornadoes, flooding and hail that struck Oklahoma last year left hundreds of millions of dollars in property damage, causing many home and business owners to seek help in the form of low-interest federal loans....

    July 27, 2014

  • SWIMMER Aquatic center could serve many community needs

    Michael Yoch could have been the kid with asthma sitting on the sidelines — could have been, but wasn’t. Michael had trouble running because of his asthma, which made it difficult to play soccer and many other sports his friends loved. ...

    July 27, 2014 1 Photo

  • Director leaves decade of memories

    Maureen Dolan is giving up the post as director of St. Joseph’s Early Childhood Development Center, fondly called “St. Joe’s” by the many parents whose pre-school children have spent their weekdays under her care over the past 10 years....

    July 27, 2014

  • Teen critical after rescue

    A 17-year-old Yukon male was transported to the hospital Sunday after a near drowning incident at Lake Thunderbird in the Party Cove area. Emergency crews responded to the lake after a report of a possible drowning around 5:30 p.m. ...

    July 27, 2014

  • County wreck fatal

    A Purcell man was killed in a single-vehicle wreck Saturday morning on Highway 77, north of Moffatt Road in Cleveland County. Keith Hedrick, 20, was pinned for about an hour and 45 minutes before the Slaughterville Fire Department was ...

    July 27, 2014

  • New library leaders

    The Pioneer Library System has familiar faces taking over leadership roles with its two hometown libraries....

    July 27, 2014