CULVER CITY, Calif.--(BUSINESS WIRE)--Prospect Medical Holdings, Inc. (AMEX: PZZ) (“Prospect”), which manages the medical care of approximately 250,000 HMO enrollees in Southern California, today identified Alta Healthcare System, Inc. (“Alta”) as the company with which it is conducting substantive acquisition discussions. As disclosed by Prospect on June 11, 2007, Alta is a private, for-profit hospital management company that owns and operates four community-based hospitals serving densely populated areas of greater Los Angeles.
The acquisition of Alta is subject to, among other things, the signing of a definitive agreement, finalizing the financing for the transaction, obtaining regulatory and other consents, and other customary closing conditions. No additional information is being provided at this time.
Source: Prospect Medical Holdings in Discussions to Acquire Alta Healthcare System, Inc.
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