Two Hospitals Sold to Healthcare Company
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. But Consumers Union reported Tuesday that Catholic Healthcare West was paying $32.5 million for the two hospitals.