62.4 F
Laguna Hills
Monday, Mar 18, 2024
-Advertisement-

KPC Buys High Desert Hospital

KPC Global, a Riverside company whose founder is the majority owner of Santa Ana-based Integrated Healthcare Holdings Inc., has bought a Victorville hospital out of bankruptcy.

Victor Valley Community Hospital had been looking for a buyer since it filed for bankruptcy protection in 2010. KPC agreed to invest $25 million over the next five years to improve Victor Valley and will turn it into a for-profit operation.

St. Mary Medical Center, which is owned by Orange-based St. Joseph Health, had made a bid for Victor Valley earlier this year.

KPC’s founder, physician Kali P. Chaudhuri, became the majority owner of Integrated in 2007. Integrated owns Western Medical Center-Santa Ana, Western Medical Center-Anaheim, Chapman Medical Center in Orange and Santa Ana’s Coastal Communities Hospital.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-