Sutter Health May Become Majority Owner of Stanislaus Surgical Hospital

Staff -

Stanislaus Surgical Hospital, a physician-owned hospital in Modesto, Calif., has entered exclusive negotiations to transfer majority ownership to Sacramento, Calif.-based nonprofit system Sutter Health, according to a report by the Modesto Bee.

Financial details and a timeline for the deal were not disclosed. Sutter's Memorial Medical Center, also in Modesto, laid off 114 employees in January.

More Articles on Hospital Ownership Purchases:

How Healthcare Can Achieve A Fundamentally Different Future: Q&A With the Authors of "Healthcare at a Turning Point"
2013 Interest Rate Outlook
New York City Hedge Fund Purchases 8.4% of CHS Shares

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.