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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]
In March 2022, Medical Properties Trust sold a 50% stake in the eight Massachusetts hospitals it had bought from Steward Healthcare System to Macquarie Infrastructure Partners V for $1.7 billion. [12] [13] Also in March 2022, the company purchased four hospitals in Finland for 178 million Euros, representing its first acquisition in Northern ...
Michael Drobot is a convicted felon who pleaded guilty to orchestrating the largest fraud in California’s history. [1] In 2018, he was sentenced for "overseeing a 15-year-long healthcare fraud scheme" involving over $40 million in illegal kickbacks and $500 million in fraudulent medical bills. [2]
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“Lifespan continues to work on finalizing the terms of a bid to purchase St. Anne’s Hospital in Fall River, MA, and Morton Hospital in Taunton, MA, both owned by Steward Health Care System ...
Prime Healthcare Services may be looking to sell Lower Bucks and two other area hospitals to investment firm, according to reports.
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.
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