Stroud Regional Medical Center

“The hospital engages first physician's business solutions, llc to be an agent of the hospital and delegates control to first physician's business solutions, llc in the management and support services of the hospital. The hospital engages first physicians services, llc to be an agent of the hospital and delegates control to first physicians services, llc in the management of furnishing information technology, diagnostic testing services, electronic health records software and systems, management of professional services and other ancillary services of the hospital. The hospital engages first physicians resources, llc to be an agent of the hospital and delegates control to first physicians resources, llc in the leasing of various clinical, administrative and other personnel, including physicians and senior executives, who are qualified to provide services to the hospital for the efficient and effective operation of the hospital. The hospital engages first physicians realty group, llc to lease land and buildings, including the right to use all of the parking areas, driveways, roads, alleys, means of ingress and egress and other portions of the premises in the operation of the hospital.”

“One cura wellness, inc. ("one cura") is the sole member of this organization. One cura has the ultimate authority to appoint the members of this organization's board of directors and has certain reserved powers as defined in this organization's bylaws.”

“The organization is an affiliate in one cura wellness, inc. And affiliates; a tax exempt integrated healthcare delivery system ("system"). One cura wellness, inc. ("one cura") is the tax-exempt parent entity of the system. One cura performed a review of the federal form 990. In addition, the system's outside tax counsel performed a review of the draft federal form 990. As part of the organization's federal form 990 tax return preparation process the organization hired a professional cpa firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with one cura to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to one cura and outside tax counsel for review. Review of the draft federal form 990 was performed and questions and comments were discussed with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm for final review and approval prior to filing with the irs.”

“The organization has a written conflict of interest policy and regularly monitors and enforces compliance with that policy. The policy requires that a conflict of interest disclosure form consistent with best governance practices and internal revenue service guidelines be circulated to officers, and directors annually. If an individual discloses an interest that could give rise to a conflict, the individual's potential conflict is referred to the organization's ceo and outside general counsel, which evaluate the conflict and its potential impact on the individual's participation on the board or on certain issues that may come before the board. After consultation with the organization's outside counsel, the outside general counsel will take action, if appropriate and necessary, to address any such conflict in a manner consistent with the organization's conflict of interest policy.”

“The organization's ceo is compensated by a related organization, not this organization. The individual's compensation is determined by the respective organization's board of directors, taking into account compensation of comparable positions. The organization has no other officers or key employees other than the ceo.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of oklahoma secretary of state.”

“Core form, part vii and schedule j reflects a board member/officer receiving compensation from a related organization. Please note this remuneration was for services rendered as the healthcare system's ceo and not for services rendered as a voting member or officer of this organization's board of directors.”

“This organization has no employees and accordingly issued no forms w-2. Please refer to part vi, question 3 wording whereby this organization engages first physician's business solutions, llc to be an agent of the hospital and delegates control to first physician's business solutions, llc in the management and support services of the hospital.”

“The organization is an affiliate of one cura wellness, inc. ("system"); a tax-exempt integrated healthcare delivery system. The system includes not for-profit organizations. Certain board of director members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990 for board members who receive no compensation for services rendered in a non-board capacity, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of directors of other related organizations in the system, their respective hours per week per organization are approximately the same as reflected in core form, part vii of this form 990. The hours reflected on core form, part vii of this form 990, for the director who received compensation for services rendered in a non-board capacity reflects total hours worked per week on behalf of the system; not solely this organization.”

“Stroud municipal hospital was constructed in 1978 as a result of the stroud community coming together and forming the stroud hospital authority to make the dream of having quality healthcare close to home a reality. The hospital continued to grow and serve the community throughout the 1980s and 1990s. In may 1999 a tornado damaged the hospital resulting in it being closed until march 2001. At the re-opening of the hospital the name was changed to stroud regional medical center. The stroud hospital authority sold the hospital in november 2002 and the current owner of the facility, one cura wellness, inc., has owned the hospital since 2011.”

“The organization is an affiliate within one cura wellness, inc. And affiliates; a tax exempt integrated healthcare delivery system ("system"). The system's tax-exempt parent entity is one cura wellness, inc. An independent cpa firm audited the consolidated financial statements of one cura wellness, inc. And all affiliates within the system for the fiscal years ended september 30, 2019 and september 30, 2018; respectively. The financial statements for the fiscal year ending september 30, 2019 and september 30, 2018 are currently in draft format and have not been issued. The draft audited consolidated financial statements contain consolidating schedules on an entity by entity basis. One cura wellness, inc. Assumes responsibility for oversight of the audit of the systems consolidated financial statements and the selection of an independent auditor.”