Norman Hospital Wins Bid For Moore Hospital - - Tulsa, OK - News, Weather, Video and Sports - |

Norman Hospital Wins Bid For Moore Hospital

NORMAN, Okla. (AP) _ Norman Regional Health System's last-minute bid proves to be the winning offer for cash-strapped Moore Medical Center.

Norman Regional Health purchased the 45-bed, acute-care facility for $34,250,000. Intergris Health system had bid $32 million dollars but Norman Health officials came in Monday with the higher offer.

Norman Regional Health System chief David Whitaker said the company will close the deal on Wednesday and employees would then become part of the Norman Regional health system.

The Schuster Group used a multi-million dollar loan from the US Department of Housing and Urban Development to build the hospital. It opened in 2005 but never turned a profit.

Moore Medical filed for bankruptcy protection October 28th, and Schuster Group sought bankruptcy protection for itself a short time later.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.