California-based for-profit company Halsen Healthcare Group
announced Monday it has completed its purchase of the Watsonville
Community Hospital.
The purchase follows the Pajaro Valley Community Health Trust’s
decision in August not to purchase the hospital from its previous
owner, Quorum Health. Halsen Healthcare purchased the hospital
for $30 million. (Northbaybusinessjournal.com)
Watsonville Community Hospital’s chief expressed enthusiasm
Tuesday about the parent company’s decision to spin off the
106-bed hospital and 37 other similar-sized hospitals. The change
expected to occur in the first quarter of 2016. (Santa Cruz
Sentinel)
Wayne T. Smith, chairman of CEO of Community Health Systems, a
for-profit operator of 198 hospitals and based in Franklin,
Tennessee, said the move aims to create two companies that are
“better positioned to take advantage of growth opportunities
while creating additional value for our stockholders.”
