9/26/2023 0 Comments Trihealth butler county![]() In the new agreement, TriHealth will put $7 million into improving McCullough-Hyde. “Taking this action is in the best interest of the residents and the communities in which they live and protects long-term benefits to our patients who rely on the Hospital for their healthcare.” “The Foundation is confident it is the right time to allow TriHealth to assume full membership interest of the Hospital,” said Alan Oak, chairman of the McCullough-Hyde Foundation Board of Trustees. It is now exercising that option in the new deal. Through the agreement, McCullough-Hyde was able to deliver healthcare with TriHealth’s financial backing and operational judgment.Īs part of the agreement, the McCullough-Hyde Memorial Hospital Foundation had the option to require TriHealth to purchase the remaining 40% in the hospital. In the initial affiliation agreement, TriHealth gained a 60% interest in the hospital. In 2015, the hospital teamed up with TriHealth to “ensure quality healthcare is available in the Oxford Community for years to come,” according to McCullough-Hyde’s 2015 annual report. In recent history, it cares for almost 100,000 people every year, according to the McCullough-Hyde website. McCullough-Hyde hospital opened its doors in 1957 and has been serving the Oxford community ever since. TriHealth is a Cincinnati-based health service network with operations that include the Good Samaritan, Bethesda North and Bethesda Butler Hospitals. “McCullough-Hyde is an important part of TriHealth’s strategy to provide citizens of the Tristate region the highest quality care at convenient locations and our mission to improve the health status of the people we serve,” said Mark Clement, president and CEO of TriHealth. TriHealth, a 60% owner of McCullough-Hyde Hospital for the past four years, is now taking over 100% ownership of the Oxford hospital, the two institutions announced this week.
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