The sale is part of a proposed merger between the two hospitals, according to the report. Earlier this year, Downey Regional entered into an agreement with PIH Health to manage its day-to-day operations. Downey Regional, a 90-bed facility, initially applied in April for permission from California’s attorney general to merge with PIH, a 548-bed facility affiliated with more than 150 physicians and formerly known as Presbyterian Intercommunity Hospital.
The attorney general’s office held a public hearing concerning the proposed merger in July and is expected to issue a decision this month, according to the report.
More Articles on Hospital Mergers:
Downey Regional Collaborates With PIH Health to Manage Daily Operations
Louisiana Medical Center, HCA Final Options for Jefferson Merger
Essentia Health, Rainy Lake Medical Center Nix Affiliation Discussions
