A group of doctors signed an agreement to purchase AMI-Glendora Community Hospital from Beverly Hills-based American Medical International Inc. on Tuesday night, saving the hospital from imminent closure.
The hospital's 350 employees had been notified in September that the facility would close Nov. 6 if AMI could not find a buyer. When a deal seemed likely, the deadline was extended.
"We're grateful that the hospital is staying open," said Bill Raymond, chairman of the board. "It's an excellent thing for the community." Glencom, a group representing at least 50 doctors, mostly on the hospital's staff, expects to close escrow Jan. 7, Raymond said.
Glencom had agreed to take over the 165-bed facility in the spring but was unable to finance the purchase then, AMI spokeswoman Suzanne Hovdey said. She would not disclose the selling price.