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BUSINESS
April 18, 1999
The Cooper Cos. said it completed the sale of its remaining psychiatric services businesses to Universal Health Services Inc. for $27 million. Universal may pay up to $3 million more if the Hospital Group of America properties meet certain contingencies, Irvine-based Cooper said. The transaction completes Cooper's move to focus on the medical device market.
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CALIFORNIA | LOCAL
March 21, 2008 | Andrew Blankstein
State regulators have fined Cedars-Sinai Medical Center $25,000 in connection with a series of safety lapses in which incorrect doses of the blood-thinner heparin were given to children, including the newborn twins of actor Dennis Quaid and his wife. Cedars was one of 11 California hospitals assessed penalties because of license violations that caused, or were likely to cause, serious injury or death, said Kathleen Billings- ley, deputy director of the state Department of Public Health's Center for Healthcare Quality.
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CALIFORNIA | LOCAL
December 12, 2003 | From Times Staff and Wire Reports
A federal Bankruptcy Court judge has cleared the way for the sale of three hospitals to Universal Health Services. The $120-million sale includes Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo and a hospital in Corona.
CALIFORNIA | LOCAL
April 1, 2004 | From Times Staff and Wire Reports
Three months after acquiring Arroyo Grande Community Hospital and French Hospital Medical Center in San Luis Obispo, Universal Health Systems is selling them to Catholic Healthcare West. Catholic Healthcare West, which has 41 hospitals and medical centers in California, Arizona and Nevada, signed an agreement March 16 to purchase the hospitals. The sale is expected to be completed by May 31. Financial details weren't disclosed.
CALIFORNIA | LOCAL
March 21, 2008 | Andrew Blankstein
State regulators have fined Cedars-Sinai Medical Center $25,000 in connection with a series of safety lapses in which incorrect doses of the blood-thinner heparin were given to children, including the newborn twins of actor Dennis Quaid and his wife. Cedars was one of 11 California hospitals assessed penalties because of license violations that caused, or were likely to cause, serious injury or death, said Kathleen Billings- ley, deputy director of the state Department of Public Health's Center for Healthcare Quality.
CALIFORNIA | LOCAL
March 22, 1993 | STEPHANIE SIMON, TIMES STAFF WRITER
In a high-stakes scramble for east county patients, the parent company of the struggling Westlake Medical Center has agreed to put up $10 million to install a high-tech cancer care unit. By focusing on a disease that strikes one in three Americans, Westlake administrators hope to boost the occupancy rate at the hospital, which is locked in competition with Los Robles Regional Medical Center in Thousand Oaks.
CALIFORNIA | LOCAL
July 5, 1995 | JOANNA M. MILLER and IRA E. STOLL, SPECIAL TO THE TIMES
Under a hotly contested agreement just cleared by the Federal Trade Commission, Westlake Medical Center will be acquired by the giant chain that owns West Hills Hospital in the San Fernando Valley and Los Robles Regional Medical Center in Thousand Oaks. The corporate takeover won approval from federal antitrust regulators despite claims by doctors that the move would create a medical monopoly that could affect the quality of health care.
CALIFORNIA | LOCAL
April 1, 2004 | From Times Staff and Wire Reports
Three months after acquiring Arroyo Grande Community Hospital and French Hospital Medical Center in San Luis Obispo, Universal Health Systems is selling them to Catholic Healthcare West. Catholic Healthcare West, which has 41 hospitals and medical centers in California, Arizona and Nevada, signed an agreement March 16 to purchase the hospitals. The sale is expected to be completed by May 31. Financial details weren't disclosed.
BUSINESS
April 30, 1999 | Dow Jones
Cooper Cos.' sale of its hospital properties could add 8 cents a share to its earnings from continuing operations if all proceeds are used to reduce debt, the Irvine medical devices company said Thursday. Cooper said it completed the sale of the remaining properties of its Hospital Group of America psychiatric services business to Universal Health Services Inc., a Pennsylvania hospital management company, for $27 million in cash.
CALIFORNIA | LOCAL
December 12, 2003 | From Times Staff and Wire Reports
A federal Bankruptcy Court judge has cleared the way for the sale of three hospitals to Universal Health Services. The $120-million sale includes Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo and a hospital in Corona.
BUSINESS
April 18, 1999
The Cooper Cos. said it completed the sale of its remaining psychiatric services businesses to Universal Health Services Inc. for $27 million. Universal may pay up to $3 million more if the Hospital Group of America properties meet certain contingencies, Irvine-based Cooper said. The transaction completes Cooper's move to focus on the medical device market.
CALIFORNIA | LOCAL
July 5, 1995 | JOANNA M. MILLER and IRA E. STOLL, SPECIAL TO THE TIMES
Under a hotly contested agreement just cleared by the Federal Trade Commission, Westlake Medical Center will be acquired by the giant chain that owns West Hills Hospital in the San Fernando Valley and Los Robles Regional Medical Center in Thousand Oaks. The corporate takeover won approval from federal antitrust regulators despite claims by doctors that the move would create a medical monopoly that could affect the quality of health care.
CALIFORNIA | LOCAL
March 22, 1993 | STEPHANIE SIMON, TIMES STAFF WRITER
In a high-stakes scramble for east county patients, the parent company of the struggling Westlake Medical Center has agreed to put up $10 million to install a high-tech cancer care unit. By focusing on a disease that strikes one in three Americans, Westlake administrators hope to boost the occupancy rate at the hospital, which is locked in competition with Los Robles Regional Medical Center in Thousand Oaks.
BUSINESS
March 16, 1999
Cooper Cos. Inc. said Monday it agreed to sell the remainder of its Hospital Group of America psychiatric services business to Universal Health Services Inc. for $27 million, plus an additional $3 million if certain undisclosed contingencies are met. Irvine-based Cooper, which is seeking to focus on its core business of making contact lenses and gynecological devices, is selling three psychiatric institutions to Pennsylvania-based Universal.
CALIFORNIA | LOCAL
June 30, 1991
Del Amo Hospital, a 166-bed psychiatric facility in Torrance, has been bought for $13.5 million by American Health Properties Inc., a West Los Angeles real estate investment company. It was acquired from American Medical International, which owned the hospital for seven years. The hospital is being operated by Universal Health Services Inc. of Pennsylvania on a lease from the new owner.
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