St. Mary's Medical Center Bids $35M for Victor Valley Community Hospital in California
The offer, under review by Victor Valley lawyers, includes a $25 million pledge to improve the facility.
The sale of Victor Valley Community Hospital has undergone some controversy. Previous bidders include Prime Healthcare Services, with a bid of $31.5 million, which California Attorney General Kamala Harris rejected. Prime executives have said they believe the rejection was politically motivated and a favor to the Service Employees International Union. SEIU is currently undergoing a labor dispute with Prime Healthcare.
St. Mary Medical Center's offer will undergo review by the U.S. Bankruptcy Center and AG Harris.
Related Articles on Victor Valley Hospital Purchase:
© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.