Voters approve sale of 80-bed California hospital

Under the offer, NorCal HealthConnect would continue operating the Bay Area healthcare facility as a severe care center with an emergency department for a minimum of 20 years..

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Alia Paavola –
Thursday, November 5th, 2020

Step CC, which needed a majority to pass, had 85 percent support the afternoon of Nov. 4 with about 80 percent of ballots reported.
The step will complete the sale of the 80-bed facility to NorCal HealthConnect, an affiliate of Providence St. Joseph Health, for $52.6 million.

A procedure to sell Petaluma (Calif.) Valley Hospital to an affiliate of Renton, Wash.-based Providence St. Joseph Health has been authorized, according to local newspaper Petaluma360.

” We had focused on securing a long-lasting lease, however this alternative didnt secure the best terms for our healthcare facility or our residents,” Ms. Faith said..
Read more here.

The Petaluma Health Care District has been looking for a long-term operator for Petaluma Valley Hospital for more than four years. Ramona Faith, CEO of the healthcare district, stated the procedure has actually been complicated and at times challenging.

More short articles on health care market deals: Washington healthcare facility votes to divide from Virginia MasonHospital M&An update: 5 current dealsPenn State Health acquires hospital from Geisinger.

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