Providence St. Joseph’s affiliate in talks to buy 80-bed California hospital

The district board and Petaluma citizens should authorize any sale..

NorCal has actually run Petaluma healthcare facility on an interim basis since its 20-year lease ended in 2017, according to regional paper Petaluma 360. The district wished to extend the lease, however settlements ended over monetary terms and a noncompete clause..

” We are thrilled that we have come to tentative terms on the purchase of Petaluma Valley Hospital,” the spokesperson informed the newspaper. “As constantly, our goal has been to guarantee the Petaluma neighborhood continues to have access to the high quality healthcare services they have today. “.

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Under the proposition from the Petaluma Health Care District, the center would be sold to Providence St. Joseph Health affiliate NorCal HealthConnect for $52.6 million.

The district supervising Petaluma (Calif.) Valley Hospital has actually proposed offering the 80-bed facility to an affiliate of Renton, Wash.-based Providence St. Josephs. The proposition follows a number of failed efforts to discover a healthcare facility operator to rent it..

A spokesperson for Providence St. Joseph confirmed to the newspaper that NorCal is in talks with the district to purchase the medical facility..

” We had actually focused on securing a long-lasting lease, but this option didnt protect the finest terms for our hospital or our homeowners,” Ms. Faith stated..

Alia Paavola –
Wednesday, July 29th, 2020
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The district has actually been searching for a long-lasting operator for Petaluma Valley Hospital for more than 4 years, according to the announcement. Ramona Faith, CEO of medical facility, said the process has been “complex” and at times,” tough.”.

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