Another non profit turning to "for profit" in California...BD
Paradise Valley Hospital in National City faced imminent closure when California's attorney general approved the $30 million sale of the nonprofit to for-profit Prime Healthcare Services Inc. on Feb. 26.
Facing mounting losses, estimated by Roseville-based parent company Adventist Health at almost $8 million for the preceding three months, the hospital board had approved a binding resolution to shut it if the sale was not completed by March 1.
'Financial hemorrhaging' led to sale - Sacramento Business Journal:
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