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In 2006, the hospital changed its name to OSU Medical Center, [10] as the State of Oklahoma passed Senate Bill 1771, which provided $40 million to fund improvements at the hospital. [ 11 ] [ 12 ] The city formed a trust to take over the hospital, which was threatened with closure by lack of funds. [ 5 ]
This facility was combined in 1932 into a larger hospital on Pine Street, known as Tulsa Hospital Number Two. [3] It was renamed Moton Memorial Hospital in 1941. It closed in 1967, because it failed to qualify for Medicare benefits, but reopened the next year as Moton Health Center, and by 1983 is renamed Morton Comprehensive Health Service.
Currently, the University of Texas system owns a 30% share in the hospital while Ardent Health owns a 70% share. [7] In February 2020, Ardent Health Services president and CEO David T. Vandewater announced his plans to retire from the company. He will remained as president and CEO until a successor was named. [8]
Ardent Health said revenue for the year ended Dec. 31, 2023 rose to $5.41 billion, compared with $5.13 billion a year earlier. Ardent Health discloses over 5% rise in annual revenue in US IPO ...
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