Anaheim Memorial Medical Center is being sold for $57.1 million to Pacific Health Corp. of Tustin.
Huntington Beach-based Memorial Health Services Inc. said Tuesday that it selected Pacific Health to buy the 224-bed Anaheim Memorial facility.
Pacific Health owns and operates six hospitals in Orange and Los Angeles counties. Its local facilities are Tustin Hospital and Medical Center, Anaheim General Hospital and Buena Park Medical Center.
It is part of Asklepios Kliniken GMBH, a German hospital operator.
Pacific Health plans to spend a minimum of $18 million on the hospital if the deal goes through.
The sale comes almost two months after a proposed $68 million deal to sell Anaheim Memorial to Santa Ana-based Integrated Healthcare Holdings Inc. fell through after Integrated couldn’t complete financing and sign a final agreement.
Memorial then said that it was going to conduct a “limited re-bidding process” for Anaheim Memorial.
Memorial originally put Anaheim Memorial on the block in 2006.
A bid by Prime Healthcare Services Inc. of Victorville to buy Anaheim Memorial for $55 million was quashed by Attorney General Jerry Brown’s office back in July.
Approval from Brown’s office is required when a nonprofit hospital, such as Anaheim Memorial, is sold to a for-profit operator. Pacific is a for-profit operator.
