Quorum completed the sale of the 106-bed hospital to Los Angeles-based Halsen Healthcare roughly four months after the parties entered into a definitive agreement.
“Halsen Healthcare is excited and honored to become a member of the Watsonville community,” Dan Brothman, chairman and CEO of Halsen Healthcare, said in press release. “It is our mission to work shoulder-to-shoulder with the incredible team of physicians, nurses and employees to provide residents the innovative and compassionate care they deserve.”
Quorum said cash proceeds from the transaction totaled $39 million, and all proceeds will be used to repay the company’s long-term debt.
More articles on healthcare industry transactions:
CHS divests West Virginia hospital
HCA to add 10th hospital in Georgia
Cleveland Clinic looks to expand hospital portfolio
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