Petaluma Health district misses deadline to name hospital operator

Petaluma Health Care District will not complete the process of naming a hospital operator for the county’s only acute care hospital, Petaluma (Calif.) Valley Hospital, according to the Argus Courier.

Advertisement

The lack of a ballot measure implies that the 20-year lease held by Irvine, Calif.-based St. Joseph’s Health, the current hospital operator, will expire in January 2017 without a successor, according to the report.

While St. Joseph appears to be the front-runner to continue operating the hospital, negotiations between St. Joseph and the healthcare district have stalled, according to the report.

The next opportunity for a ballot measure will be in March 2017. If the parties don’t come to a decision, district officials said St. Joseph will operate the hospital under an extended short-term contract, according to the report.

More articles about transactions and valuations:

AltaPointe merges with Cheaha Regional Mental Health
Christ Hospital outpatient center sold for $13.2M

 

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.