MedCath currently owns more than 51 percent of the hospital while more than 40 local doctors share ownership of more than 40 percent.
After the company reported a net loss of $50.3 million on revenues of $602 million in the fiscal year ended Sept. 30, MedCath announced it was considering selling off hospitals or facilities.
Read the Bakersfield Californian’s report on Bakersfield Heart Hospital.
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