A cancer treatment center that was once part of the Tahlequah, OK, health care system has been sold, local officials confirmed recently, the Daily Press reports.
Northeastern Health System was still called Tahlequah City Hospital in 2009 when the Tahlequah City Council unanimously adopted a resolution authorizing the facility to incur up to $10 million in debt to build a cancer treatment center in Tulsa. According to the resolution, TCH got the green light to become a member of a Oklahoma Cancer Center Realty, with the hospital owning at least 50 percent of the issued and outstanding membership interests.
The LLC was to grant the mortgage, lien and security interest encumbering the tract of land and the cancer center.
“The LLC is hereby authorized to incur indebtedness of up to $10 million in the form of a loan from International Bank of Commerce, also known as IBC Bank, for the purpose of funding a portion of the costs of acquisition of the tract and contraction of the center,” the resolution said.
There had been a Cancer Treatment Center of America in Tulsa, but it has since closed.
According to a financial report on the Oklahoma State Auditor website, the hospital sold the LLC for $1.7 million.
The state-of-the-art center was to include medical oncology, radiation oncology, radiology, laboratory and pharmacy services. It was also to contain a community room for special events. Read more.
