Stillwater (Okla.) Medical Center's board of trustees approved a proposal to buy out the medical center's partner and become the sole owner of Judith Karman Bristol Hospice, also in Stillwater, according to the Stillwater News Press.
SMC reportedly paid its partner, Salt Lake City-based Bristol Hospice, $445,602 for its share in the hospice facility. The medical center plans to retain all existing employees and will reportedly not make any changes in hospice staffing or operation, according to the article.
SMC and Bristol Hospice took control of the financially troubled hospice facility in 2014. Bristol Hospice had been managing operations at the facility since 2015.