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ValleyCare becomes subsidiary of Stanford Health Care

Pleasanton, Calif.-based ValleyCare Health System and Stanford (Calif.) Health Care have finalized their affiliation agreement.

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

In April, Stanford Health Care received approval from California Attorney General Kamala Harris to move forward with its acquisition of ValleyCare.

Under the agreement, ValleyCare, which is comprised of a 242-bed hospital, urgent care facilities, outpatient surgery centers and imaging centers, will be renamed Stanford Health Care – ValleyCare.

Regarding the deal, Stanford Health Care President and CEO Amir Dan Rubin said, "We are delighted to welcome ValleyCare to the Stanford Health Care family."

More articles on healthcare industry transactions:

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