The Pajaro Valley Health Care District Hospital Corporation today announced that it has acquired Watsonville Community Hospital following the largest community fundraising campaign in the history of Santa Cruz County. This milestone positions the hospital to continue serving the community as a non-profit provider for many years to come, with the ongoing support of new ownership that understands the importance of continuing to deliver quality healthcare services to everyone in the Pajaro Valley.
Kaiser Permanentes’ $4.5 million pledge out the fundraise over the top, allowing the acquisition to move forward. The target raise was $67 million.
Watsonville Community Hospital, which had filed for bankruptcy, is one of two in Santa Cruz County, California. In the last 21 years, 20 different for-profit healthcare companies have taken ownership of the facility and subsequently sold the hospital. Read more.
