Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

ValleyCare Health System Eyes Affiliation Plans

ValleyCare Health System, based in Livermore, Calif., has started the process of finding a potential affiliation partner, according to a San Francisco Business Times report.

A system spokeswoman provided no other details about the situation.

ValleyCare is comprised of two acute-care hospitals with a combined 242 licensed beds. The system has about $280 million in annual revenue. In 2012, ValleyCare posted a $2.1 million operating loss, a year after it posted $4.7 million in operating losses.

In March, ValleyCare named Scott Gregerson its new CEO. Mr. Gregerson took over for Marcy Feit, who resigned from her position in early February.

More Articles on Hospital Transactions:
Hospital M&A Deal Volume Declines in Q1
FTC Blocks the ProMedica-St. Luke's Merger: 5 Things to Know
HCA May Acquire Australian Hospital Operator

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers