UCI Health acquires four community hospitals, including Fountain Valley Regional [Los Angeles Times (CA)]
Tenet Healthcare Corporation (THC)
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Source: Los Angeles Times
The acclaimed child life specialist at Fountain Valley Regional Hospital knew the sale of her community hospital to UCI Health had been finalized hours earlier, so she wasn't too surprised when she saw a huge “UCI Health” sign at the corner of Warner Avenue and Euclid Street. The rebranding happened quickly. UCI Health has now officially purchased Fountain Valley and three other community hospitals — Lakewood Regional Medical Center, Los Alamitos Medical Center and Placentia-Linda Medical Center — and their associated outpatient locations from Texas-based Tenet Healthcare. Officials said the total sale price was $975 million, in cash. The hospitals will now be known as UCI Health - Fountain Valley, UCI Health - Lakewood, UCI Health - Los Alamitos and UCI Health - Placentia Linda. “It's an exciting day,” Feilden said at a ribbon-cutting ceremony at the Fountain Valley campus on Wednesday morning. “I love that it feels very much like a family. I know all of the CEOs are saying th
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