Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Council Approves PIH Health's Acquisition of Downey Medical Center Land

The Downey (Calif.) city council has approved Whittier, Calif.-based PIH Health's $9.85 million purchase of land occupied by Downey Regional Medical Center, according to a Los Angeles Wave report.

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 

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars