Health Care Firm Hopes to Buy Ventura Site
A large health-maintenance organization has opened escrow to purchase land in Ventura as a possible site for a medical office building valued at between $5 million and $10 million. Apparently, however, the deal isn’t written in stone.
“We definitely want to build a facility somewhere in Ventura County, but I’m not sure it will be on that property,” said Kurt Davis, a spokesman for the HMO, Foundation Health Plan. He noted that “it’s a long escrow, and there are quite a few hoops to be jumped through before it closes.”
The property in question is a 5.2-acre site off Telephone Road, across from the County Government Center. Many of Foundation’s 30,000 members in Ventura County are county employees who work at the center.
Foundation, based in Rancho Cordova, a Sacramento suburb, claims to be one of the nation’s 10 largest HMOs. It will probably employ 25 doctors and about 75 support personnel at its Ventura County facility, wherever it is built, Davis said.
Neither Foundation nor Raznick Realty Group, owner of the Ventura property, would disclose terms of the tentative purchase.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
