Fountain Valley-based Memorial Health Services said Wednesday that it is selling its 224-bed Anaheim Memorial Medical Center to AHMC Healthcare Inc. of Alhambra.
A purchase price wasn’t disclosed.
Memorial has been trying to sell Anaheim Memorial, which opened in 1958 and will require a pricey retrofitting project to meet the state’s hospital safety laws, for nearly three years. Memorial has operated the hospital since 1995.
Memorial’s previous deals for Anaheim Memorial with three other hospital operators,Prime Healthcare Inc. of Victorville, Santa Ana-based Integrated Healthcare Holdings Inc. and Pacific Health Corp. of Tustin,all fell through because of financing issues or were blocked by Attorney General Jerry Brown’s office.
Approval from Brown’s office is required when a nonprofit hospital, such as Anaheim Memorial, is sold to a for-profit operator. AHMC is a for-profit operator.
In a release, Memorial said that AHMC had agreed to maintain all current levels of Anaheim Memorial’s hospital service, including the emergency room, and would invest money to improve the facility.
AHMC was formed in 2004. Its hospitals have more than 1,000 beds and are in several Los Angeles County cities, including Alhambra, Monterey Park, Whittier, El Monte and San Gabriel.
