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California AG approves Adventist, Rideout Health affiliation

The California Office of the Attorney General reportedly approved the proposed affiliation between Adventist Health, a 19-hospital system in Roseville, Calif., and Rideout Health, the Marysville, Calif.-based health system announced March 20.

Under the affiliation, Rideout Health will transition its assets to Adventist Health, including its 219-bed acute care hospital, Rideout Regional Medical Center, in Marysville.

Officials expect to close the deal April 1.

The organizations signed an affiliation agreement last year.

More articles on transactions and valuations:
U of Mississippi Medical Center, Memorial Hospital to collaborate
Cabell Huntington CEO: Pending merger will be key, help hospital 'flourish' in the industry
2 recent hospital partnerships and transactions

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