Integris Health buys majority of Lakeside Women's Hospital in Oklahoma City
On Monday, Integris Health and Lakeside Women's Hospital finished a deal that gives Integris 75 percent ownership of the women's hospital in Oklahoma City. Leaders say patients won't notice any changes related to the partnership.
Integris Health owns a majority of Lakeside Women's Hospital after the two companies finalized an agreement Monday.
Leaders from both hospitals say they've discussed the purchase for about five years and would not disclose how much Integris paid for its 75 percent share of Lakeside.
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Dr. Debbie Huff, one of Lakeside's founding doctors, said health care continues to grow more complex, and a “copartnership” with Integris gives Lakeside a more stable future.
“There is a lot of uncertainty in health care, and with the uncertainty, the timing seemed right to merge with an entity that we felt we could collaborate with and still provide the type of care that we want to provide and collaborate with them as well,” Huff said. “We think it's a win-win solution for them as well as for us.”
Huff said Lakeside Women's Hospital prides itself on patient-focused care. The facility, at 11200 N Portland Ave., has served as a specialty hospital in Oklahoma City for the past 15 years. Lakeside is partially owned by physicians and has more than 40,000 active patients.
Integris Health, a nonprofit corporation, is an Oklahoma health system that operates multiple hospitals across Oklahoma.
The entities within Integris maintain more than 1,900 beds and have medical staffs of more than 2,500 physicians, according to the company.
Integris hopes to expand its referral base with the purchase of Lakeside. Integris metro-area facilities and Lakeside Women's Hospital have a combined market share of about 29 percent, according to Integris data.
The company does not plan to change any of Lakeside's leadership, including Kelley Brewer, who will remain Lakeside's CEO, Huff said. Three Integris board members and three Lakeside board members will serve on Lakeside's board.
Integris President and CEO Bruce Lawrence said health care is growing more complex, and Integris and Lakeside's “copartnership” will help ensure both hospitals continue to serve Oklahoma, he said.
One of the challenges that hospitals and health systems are facing relates to changes in how they're reimbursed for Medicare, he said.
“With the Affordable Care Act, we know that all hospitals are going to see a reduction in what we're paid by Medicare for the provision of care for the Medicare population,” Lawrence said. “That's one of the big drivers that all health systems across the country right now are dealing with, knowing what those reductions are going to be and how we are going to address that.”