CHA Agrees to Buy Hollywood Presbyterian

By Lisa Girion

Nov. 11, 2004 12 AM PT

A medical group that owns hospitals, a medical school and a research institute in South Korea has reached a deal to buy Tenet Healthcare Corp.’s Hollywood Presbyterian Medical Center. The deal is valued at $69 million, Tenet announced.

Formerly known as Queen of Angels, the hospital is one of 27 that Santa Barbara-based Tenet is attempting to shed this year as part of a plan to restore the company to profitability.

The buyer, CHA Medical Group, is led by Dr. Kwang Yul Cha, a fertility specialist. The group plans to continue to operate the 434-bed facility as a full-service, acute-care hospital with a 24-hour emergency room, Tenet said.

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Lisa Girion

As an investigative reporter at the Los Angeles Times, Lisa Girion produced many high-impact stories, including an investigation into alleged human rights abuses in Myanmar, which was anthologized in “Global Muckraking” (The New Press, 2014). Her investigation into the health insurance practice of dropping sick patients, known as rescission, was cited in the Affordable Care Act. She earned a bachelor’s degree at Northwestern University’s Medill School of Journalism. She left The Times in 2015.

CHA Agrees to Buy Hollywood Presbyterian

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