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Integrated Wraps Up Hospital Buy

The deal is done.

After months of wrangling with critics, Costa Mesa’s Integrated Healthcare Holdings Inc. on Tuesday wrapped up its $70 million buy of four hospitals from embattled Tenet Healthcare Corp.

Integrated Healthcare now owns Western Medical Center-Santa Ana, Western Medical Center-Anaheim, Coastal Communities Hospital in Santa Ana and Chapman Medical Center in Orange.

Tenet Healthcare sold the local hospitals and others in California as part of a restructuring. The company also recently shifted its headquarters from Santa Barbara to Dallas.

Integrated Healthcare, a doctors’ group, said it doesn’t expect any big changes or layoffs at the four hospitals. The chief executives of each hospital are expected to stay.

The deal to buy the hospitals raised eyebrows with lawmakers, doctors and others because of involvement of Dr. Kali P. Chaudhuri.

Chaudhuri bought and later closed a chain of local medical clinics earlier this decade, leaving some 300,000 people without healthcare. Doctors also were left with unpaid bills.

The clinics, operating under KPC Medical Management Inc., imploded amid management problems and protracted squabbling with health plans over payments.

To buy the hospitals, Integrated Healthcare rescinded a financing pact with Chaudhuri. Instead, he agreed to buy 49% of the land under the four hospitals and has an option to buy as much as 25% of Integrated Healthcare in two years.

Integrated Healthcare’s financing for the hospitals buy comes Orange County Physicians Investment Network LLC, a company owned by Dr. Anil Shah and a number of doctors who practice at the hospitals.

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