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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
