Los Angeles-based American Healthcare Systems, which has been busy buying hospitals this year, moved forward with its proposed acquisition of Montebello, CA-based Beverly Community Hospital after the California attorney general conditionally approved the transaction, per Becker’s.
Such conditions for the sale of the bankrupt Los Angeles-area hospital include not only the retention of existing services but also the reinstatement of others affected by the bankruptcy.
In addition, over 75% of the hospital’s patients are on Medicare or Medi-Cal, the state’s Medicaid program, and this level must also be assured, Attorney General Rob Bonta said.
American Healthcare Systems has made three similar hospital purchases since April.
