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Under Drobot, Concept Healthcare expanded the hospital’s services deeper into the Irvine area and added new centers for oncology and sports medicine. Drobot's longest association was with Pacific Hospital of Long Beach, which he owned and managed from 1997 to 2013, when it was sold to Molina Healthcare and became College Medical Center.
The hospital was founded in 1932 as Pacific Hospital of Long Beach. [2] In October 2013, the hospital was purchased by Santa Fe Springs-based healthcare management company College Health Enterprises Inc. and was renamed "College Medical Center." [1]
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Long Beach Medical Center (formerly Long Beach Memorial Hospital) was a 403-bed [2] teaching and community hospital located in Long Beach, New York. Long Beach Hospital was destroyed as a result of Hurricane Sandy. Hospital leaders are currently lobbying for state funds to rebuild the hospital. Nearby South Nassau Communities Hospital now ...
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Amid the hospital system's fiscal troubles, Leonard Green attempted twice to sell the company in 2015 and 2018, but failed due to the company's poor financials. Prospect then initiated a $1.31 billion dividend recapitalization , which allowed it to refinance its debt and landed Leonard Green $658.4 million in dividends and management fees.
The healthcare system, which has more than $1 billion in debt, said it began to conduct a “comprehensive marketing process for the sale” of its hospitals in January, court records show.