Prime acquired Alvarado from Plymouth Health, a privately held, Los-Angeles-based company that owned and operated the hospital since Jan. 2007. No purchase price was disclosed.
Alvarado staff said the decision, announced this morning, came as a surprise, according to a San Diego Union-Tribune report.
Prime owns and/or operates 13 acute-care hospitals in California and will continue to operate the 306-bed Alvarado as an acute care facility.
The sale was spurred by the belief that the business model of the stand-alone hospital is not viable in today’s changing healthcare arena, according to a Plymouth official cited in the report.
Read about other mergers and acquisitions:
–Missouri’s Ripley County Memorial Joins Southeast Health
–Michigan Attorney General Approves Detroit Medical Center Sale
–University of Louisville Signs Letter of Intent to Merge With Two Other Kentucky Systems
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