News Headlines Article

Hemet-Menifee hospitals’ sale delayed until October
The Press-Enterprise

The sale of Valley Health System’s two hospitals to a physicians’ group is now projected to close the first week of October, so public hospital district directors approved an extension Monday in the asset sale agreement to Oct. 15.

The agreement had called for the deal to close by today.

Few details remain to conclude the sale, but if the hospitals remain publicly owned at the end of the federal fiscal year Sept. 30, they are entitled to $3.8 million more in additional funding, the district’s attorney, John Marshall, told the board.