A federal bankruptcy judge has denied Ontario, Calif.-based Prime Healthcare's request to acquire Victor Valley Community Hospital in Victorville, Calif., in favor of approving Riverside, Calif.-based KPC Group as the buyer.
Prime Healthcare has been trying to purchase the facility for months despite the state Attorney General Kamala Harris' refusals to allow any sale to Prime, according to the release. The attorney general vetoed the proposed sale of Victor Valley to Prime in September 2011, saying Prime's takeover of the bankrupt hospital was not in the public interest. Her concerns included Prime's business model and reduced availability of healthcare services. However, Victor Valley had continued to move forward with Prime as a potential partner.
With the federal bankruptcy judge's decision, the state attorney general may approve KPC Group as the buyer. According to the release, this approval is expected this summer.
KPC Group may pay $33.8 million for Victor Valley if the state attorney general approves the sale, according to a San Bernardino Sun report.
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Prime Healthcare has been trying to purchase the facility for months despite the state Attorney General Kamala Harris' refusals to allow any sale to Prime, according to the release. The attorney general vetoed the proposed sale of Victor Valley to Prime in September 2011, saying Prime's takeover of the bankrupt hospital was not in the public interest. Her concerns included Prime's business model and reduced availability of healthcare services. However, Victor Valley had continued to move forward with Prime as a potential partner.
With the federal bankruptcy judge's decision, the state attorney general may approve KPC Group as the buyer. According to the release, this approval is expected this summer.
KPC Group may pay $33.8 million for Victor Valley if the state attorney general approves the sale, according to a San Bernardino Sun report.
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