The issue, Measure H, is slated for the June 7 ballot.
Passage of Measure H allows the Tehachapi Valley Healthcare District to enter into an affiliation with Adventist Health to help complete construction of the new hospital in Tehachapi, according to the report. The measure also establishes a lease agreement to help maintain buildings and take care of daily operations of the district, the report notes.
Under the affiliation, Adventist Health would provide the TVHD the additional $27 million needed to complete the hospital.
If voters approve the measure, the Adventist Health affiliation most likely would take effect July 1. All current employees of the TVHD would retain their jobs, but would be under Adventist Health.
If Measure H doesn’t pass, the TVHD would have to find the additional $27 million to complete construction, according to the report.
More articles on healthcare industry transactions and partnerships:
Methodist Health completes takeover of bankrupt Texas hospital
Dollar value of hospital M&A falls 67% in Q1
11 latest hospital transactions and partnerships
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
