“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.
More articles on healthcare industry transactions:
26 hospital transactions and partnerships in January
Novant, Memorial Health partnership marches forward
CHI St. Luke’s expands footprint in Texas
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.
