- Official Statement In February, OU Medicine, Inc. concluded a previously announced
transaction with HCA Healthcare that transferred ownership and
management of OU Medical System hospital facilities from HCA to OU
Medicine, Inc. This makes OU Medicine an Oklahoma-based nonprofit
organization.
Funded by the competitive issuance of long-term bonds
and reinvestment of hospital revenues, OU Medicine is focused on
taking care of Oklahomans. In a state with a population of 3.9 million
people, we are the only level one trauma center for adults and
children which means that we take care of patients in need of the most
complex medical attention from across the state and region. In addition,
the Stephenson Cancer Center is a National Cancer Institute (NCI)Designated Cancer Center. This places our comprehensive cancer care,
which offers the most advanced cancer therapies available, in the top 2
percent nationally. In 2017, we ranked No. 1 in the nation for clinical
trial enrollment for NCI-sponsored treatment trials.
The inpatient bed tower is a vital part of OU Medicine’s essential
services for Oklahomans. It will not only offer additional access to
patients needing complex care for needs such as trauma, cancer care and
beyond, but also complements our expanding and coordinated
access to outpatient services.
The creation of OU Medicine, Inc. fulfilled a longtime goal to further
advance the state’s premier academic health system, elevating patient
care, clinical research and the education of health professionals for the
benefit of all Oklahomans.
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 Official Statement of Jim Watson, chief financial officer of OU Medicine, Inc.:

Because of the purchase and financing transactions by OU Medicine, Inc., a
larger percentage of hospital revenues will be reinvested in the system
resulting in increasing patient access of essential services. The patient tower
project responds to increased demand in patient care for medical specialties
and sub specialties offered to the region only at OU Medicine, Inc. In addition
to providing these essential services, OU Medicine, Inc. is the largest provider
of charity care in the state of Oklahoma and the essential safety net hospital
in a state with a large, underserved population.
The $30 million cost for the bond issuance breaks into two parts – insurance
and cost of issuance. The way the bonds were structured, the cost of the
transaction, fees and interest, was reduced significantly over the life of the
bonds. The cost of issuance is competitive at less than 1 percent.