May 17, 2013 |
The owner of St. John's Health Center intends to sell the storied Santa Monica hospital to Catholic chain Providence Health & Services. The Sisters of Charity of Leavenworth Health System in Denver said it has entered into exclusive negotiations with Providence, which owns St. Joseph Medical Center in Burbank and four other Southern California hospitals. Sisters of Charity said the proposed deal is subject to approval by the California attorney general's office and the Archdiocese of Los Angeles.
May 15, 2013 |
A high-stakes bidding war has erupted for St. John's Health Center, a storied Santa Monica hospital, with a local billionaire teaming up with the Roman Catholic Archdiocese of Los Angeles on an unsolicited offer. The latest bid, expected to be formally announced Wednesday, comes from former drug-company executive and healthcare entrepreneur Patrick Soon-Shiong, who said in a statement the bid has the support of the archdiocese. This offer is competing against at least two other bidders'.
March 22, 2013 |
UCLA and the nation's largest Catholic healthcare system are teaming up on a potential acquisition of St. John's Health Center, a storied Santa Monica hospital up for sale after a recent management shake-up. The partnership between UCLA Health System and Ascension Health Alliance in St. Louis is one proposal under consideration by St. John's and its nonprofit Catholic owner, the Sisters of Charity Leavenworth Health System in Denver, according to people familiar with the matter. "No decisions have been made" about a possible sale of the hospital, St. John's interim Chief Executive Mike Wall told physicians this week in an internal memo.
CALIFORNIA | LOCAL
October 21, 2011 |
President Obama awarded Presidential Citizens Medals on Thursday to three Los Angeles residents for providing mental health services to veterans, a shelter for homeless and disabled veterans and creating a music program for children in gang-plagued neighborhoods. Judith Broder of the Soldiers Project, John Keaveney of the New Directions shelter and Margaret Martin of the Harmony Project joined 10 other recipients from across the nation for an awards ceremony at the White House. Before awarding the medals, Obama spoke about how many honorees had mustered the courage to be a good Samaritan during their own time of pain and need.
October 7, 2011 |
After the collapse of a deal with hospital chain Providence Health & Services, officials from the Motion Picture & Television Fund are close to finalizing an agreement with another national healthcare provider that would keep Hollywood's most famous nursing home afloat. In February, the fund announced that it had reached an agreement with Providence to manage the hospital and nursing home in Woodland Hills. But the arrangement fell apart this summer after Providence, a Renton, Wash.-based nonprofit health services provider, balked at assuming financial responsibility for the operations.
October 6, 2011 |
One of Southern California's largest hospital systems is teaming up with hundreds of doctors in a new alliance designed to better manage patient care, improve medical outcomes and reduce costs. Under the partnership with Providence Health & Services of Southern California, doctors will share and analyze data about diabetes, congestive heart failure and other conditions to identify effective practices and eliminate inefficiencies that drive up expenses. The joint effort is expected to launch with 500 doctors by the end of the year, but it will be open to all physicians in areas served by Providence's medical centers in Burbank, Tarzana, Mission Hills, Torrance and San Pedro.