“We are very excited to welcome Palm Springs General Hospital employees and physicians to our Larkin family,” said Larkin Chairman and President Jack J. Michel, MD.
The deal is a positive step for Palm Springs General, which has faced financial troubles in recent years. The hospital reported a $764,855 loss on $60.4 million in revenue in 2014.
With the acquisition of Palm Springs General, Larkin has 775 beds, including 443 acute care beds, according to the report.
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26 hospital transactions and partnerships in January
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