Not for profit hospital makes the offer the the physicians, for the new for profit medical center, and they sold...with the potential loss of the best insurance covered patients being lured to the facility, Loma Linda analysts could see a large potential loss of revenue once the facility opened...BD
Just two years after mounting a major campaign to prevent a for-profit surgical center from breaking ground in its back yard, Loma Linda University Medical Center has bought the center in a deal valued at more
than $80 million. Officials at all of the hospitals said they feared the new facility would "cherry-pick" patients with the best insurance coverage to perform lucrative surgeries, leaving the region's other hospitals to serve the poor and the uninsured.
"Basically, what it boiled down to was Loma Linda made an unsolicited offer, and it was a big number," he said. "So doctors had to make a decision. Did they want to take Loma Linda's offer or suffer the consequences of paying more for capital?"
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