The hospital district, which filed for Chapter 9 bankruptcy in 2007, owes bondholders about $42.5 million and unsecured creditors $21 million.
The debt adjustment plan involves the sale of the district’s assets, including its two hospitals, Hemet Valley Medical Center and Menifee Valley Medical Center, to Physicians for Healthy Hospitals, a Hemet-based physician group, the Press-Enterprise said.
While most of the creditors support the plan, a U.S. Bankruptcy Court Judge is expected to hear a challenge from Prime Healthcare Services — which last month bought $4,300 of the district’s debt to become a creditor — later this month.
Read the The Press-Enterprise report on Valley Health System.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
