Akin Gump Advises HCA in Oklahoma Hospital Lease and Joint Operating Agreement Termination
(Dallas) – HCA has announced an agreement with the University Hospitals Authority and Trust (UHAT) for the early termination of HCA’s lease of The Children’s Hospital at Oklahoma University Medical Center as well as an associated joint operating agreement. In addition, HCA will transfer ownership of its hospital operations in Oklahoma, which include Oklahoma University Medical Center and OUMC Edmond, to an affiliate of UHAT. Akin Gump advised HCA in the matter.
Under the agreement, HCA, an 18-year partner with UHAT, will receive $750 million in consideration. The transaction is subject to certain conditions and regulatory approvals and is expected to be completed in the first half of 2017.
The Akin Gump team representing HCA included litigation partner Jim Wetwiska; corporate partner Ken Menges; corporate counsel Courtney Matsuishi, Matt Bivona and Michael Miller; corporate associates Rachel Evans and Katie Dinett; and litigation associate Kallie Gallagher.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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