Adventist Health has agreed to acquire Bakersfield Heart Hospital for a nominal sum after years of sale talks accelerated by recent financial challenges left over from the pandemic.
Roseville-based Adventist, which now operates four hospitals in Kern County since the change took effect June 1, described the transaction as an opportunity to save 300 jobs at Bakersfield Heart while preserving its legacy of patient care, reports Bakersfield,com. The arrangement ends 47-bed Bakersfield Heart’s 24 years of independent ownership by local physicians who saw little choice but to relinquish their stake after big financial losses during the pandemic forced the hospital last fall to lay off 114 employees. Read more.
