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Healthcare International Inc

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BUSINESS
July 27, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
Healthcare Medical Center of Tustin, a 203-bed hospital, was acquired Thursday by a hospital management company in Kirkland, Wash., headed by a former Healthcare executive director. Concept Health Group Inc. plans to expand the hospital's service area deeper into Irvine and develop new centers for oncology and sports medicine, said company Chairman Michael D. Drobot, who was the hospital's executive director from 1980 to 1984.
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BUSINESS
September 4, 1991 | SONNI EFRON, TIMES STAFF WRITER
In an ongoing consolidation of the troubled psychiatric care industry, Community Psychiatric Centers Inc. said Tuesday that it has tentatively agreed to buy Austin, Tex.-based Healthcare International Inc. and HealthVest. The buyout value was not disclosed, but analysts estimated it to be worth about $330 million.
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BUSINESS
September 4, 1991 | SONNI EFRON, TIMES STAFF WRITER
In an ongoing consolidation of the troubled psychiatric care industry, Community Psychiatric Centers Inc. said Tuesday that it has tentatively agreed to buy Austin, Tex.-based Healthcare International Inc. and HealthVest. The buyout value was not disclosed, but analysts estimated it to be worth about $330 million.
BUSINESS
July 27, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
Healthcare Medical Center of Tustin, a 203-bed hospital, was acquired Thursday by a hospital management company in Kirkland, Wash., headed by a former Healthcare executive director. Concept Health Group Inc. plans to expand the hospital's service area deeper into Irvine and develop new centers for oncology and sports medicine, said company Chairman Michael D. Drobot, who was the hospital's executive director from 1980 to 1984.
BUSINESS
March 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
HealthCare International is selling its money-losing 203-bed hospital here to Concept Health Care, a company owned by a former administrator of the hospital. Michael Drobot, owner of Concept Health Care of Kirkland, Wash., said the final sale price is still being negotiated but that it is expected to be between $30 million and $40 million. Drobot assumed management of the hospital, Healthcare Medical Center of Tustin, Thursday.
BUSINESS
July 8, 1986
Healthcare International Inc. of Austin, Tex., has purchased the land and buildings of Healthcare Medical Center, a 203-bed, medical-surgical hospital in Tustin. Healthcare had been leasing the hospital from Safecare Co. of Seattle. As part of the purchase, Healthcare agreed to sell and lease back from Safecare the Bayview Psychiatric Clinic in Corpus Christi, Tex.
BUSINESS
September 7, 1989 | From Times Wire Services
Healthcare International Inc. is behind on mortgage payments for its new hospital in Hawaii, and the company said today that it may be forced to miss a scheduled $3-million payment on its publicly traded debt. Plagued by cash-flow problems in recent months, Healthcare failed to make a scheduled $628,000 mortgage payment due last Friday on the $60 million it borrowed to build the Pali Momi Medical Center in Honolulu.
BUSINESS
September 28, 1991 | SONNI EFRON, TIMES STAFF WRITER
Community Psychiatric Centers Inc., the latest victim of the troubled psychiatric care industry, said Friday that its third-quarter earnings plunged 98%. In heavy New York Stock Exchange trading, its share price sank 27% on the news. The Laguna Hills-based company blamed its dismal performance on pricing pressures and millions of dollars in uncollected bills. In addition, the company ratcheted down its offer to buy two Texas-based hospital companies, Healthcare International Inc.
BUSINESS
March 14, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Tustin Hospital Medical Center, a low-profile acute-care institution, is being closed, and 300 workers will lose their jobs, officials said Wednesday. The hospital's owner, Healthcare America Inc., an Austin, Texas-based firm in bankruptcy reorganization, agreed this week to sell the hospital and its 9.5-acre site to G&L Realty Corp., a Beverly Hills real estate investment company.
BUSINESS
October 9, 1991 | SONNI EFRON, TIMES STAFF WRITER
Less than two weeks after reporting a 98% drop in third-quarter earnings, Community Psychiatric Centers International Inc. said Tuesday that it has abandoned its offer to buy two Texas health-care companies for an estimated $300 million. "For now, it's dead," said Community Psychiatric spokeswoman Suzanne Hovdey, adding: "What the future holds, I really can't say." Meanwhile, the hospital chain's stock hit a 52-week low of $15.50 on Monday, rebounding only slightly Tuesday to close at $15.
BUSINESS
March 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
HealthCare International is selling its money-losing 203-bed hospital here to Concept Health Care, a company owned by a former administrator of the hospital. Michael Drobot, owner of Concept Health Care of Kirkland, Wash., said the final sale price is still being negotiated but that it is expected to be between $30 million and $40 million. Drobot assumed management of the hospital, Healthcare Medical Center of Tustin, Thursday.
BUSINESS
September 28, 1991 | SONNI EFRON, TIMES STAFF WRITER
Community Psychiatric Centers Inc., the latest victim in the troubled psychiatric care industry, said Friday that its third-quarter earnings plunged 98%. In heavy New York Stock Exchange trading, its share price sank 27% on the news. The company blamed pricing pressures and millions of dollars in uncollected bills for its dismal performance. Also Friday, the company ratcheted down its offer to buy two hospital companies based in Austin, Tex.--Healthcare International Inc.
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