News Headlines Article

Sale of hospitals expected to close today
The Press-Enterprise

The sale of Valley Health System’s assets to a private physicians group was expected to close at 12:01 a.m. today, completing the saga of the Hemet-based public hospital district that for years has struggled with financial challenges that took it to U.S. Bankruptcy Court.

The district and the doctors group Physicians for Healthy Hospitals had an exclusive sale agreement that had been extended several times with the latest agreement due to expire Friday.