Stanford Health Care, ValleyCare merger approved

Stanford (Calif.) Health Care has received approval from California Attorney General Kamala Harris to move forward with its acquisition of Pleasanton, Calif.-based ValleyCare Health System, according to a Pleasanton Weekly report.

Advertisement

ValleyCare has been experiencing financial troubles in recent years and has been searching for a partner for nearly a year.

Although Ms. Harris approved the deal between Stanford Health Care and ValleyCare, she is requiring that ValleyCare continue to offer most of its current services for at least five more years, according to the report.

Stanford will now have a chance to review the conditions imposed on the deal by the attorney general. If Stanford moves forward with the transaction, ValleyCare will become its subsidiary.

More articles on healthcare industry transactions:

Meridian Health, Raritan Bay finalize merger
10 recent hospital partnerships and transactions
Shares of Ventas spike after announcing $1.75B Ardent deal

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.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.