San Diego-based Sharp HealthCare is looking for a partner or buyer for its 99-bed Sharp HealthCare Murrieta (Calif.).
According to published reports, the hospital, located among fast-growing bedroom communities in the Temecula Valley, has had trouble finding capital to expand and refurbish.
"Sharp . . . remains committed to an expanded facility at Murietta and is exploring all options to assure that it is realized," said Michael W. Murphy, Sharp's president and chief executive officer.
In what might be viewed as a departure from the traditional announce-and-wait method for soliciting proposals, Sharp contacted 14 for-profit and not-for-profit hospital operators and requested offers.
The parties were asked to submit two separate proposals: the first for a joint venture scenario; the second to buy the hospital outright.
"We believe this two-level approach will allow us to gather the most comprehensive set of options available," said Joan Sparkman, a member of Murietta's board of trustees.
Proposals are due by June 6.