Business
Vanguard to sell California hospitals
NEWS IN BRIEF — Posted Sept. 4, 2006
Vanguard Health Systems Inc. has announced plans to sell all three of its acute care hospitals in California so it can focus on other markets.
The Nashville, Tenn.-based hospital chain said on Aug. 16 that it had reached an agreement to sell the hospitals to Prime Healthcare Services Inc., a Victorville, Calif.-based company that owns four acute care hospitals in Southern California.
Vanguard, which owns 19 hospitals in five states, said the move would enable it to allocate resources to existing core markets in Arizona, Illinois, Massachusetts and Texas. Terms of the deal were not disclosed.
The three hospitals being sold were the 131-bed Huntington Beach Hospital, the 141-bed La Palma Intercommunity Hospital and the 219-bed West Anaheim Medical Center. All are in Orange County.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/09/04/bibf0904.htm.
