The land, about 2 miles from the bankrupt hospital, is currently leased as an almond tree orchard, and the hospital claims 20 percent of crop sales as part of its agreement with the leaseholders.
Tenants S&K Management made an offer in July to buy the land for $569,280, but hospital interests want a more competitive bidding process. The hospital still owes about $35 million in debt to various creditors, according to the report.
A hearing is due Oct. 24 with potential land bidders expected to be present.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.