A newly formed, not-for-profit group has submitted a competing bid to acquire Paradise Valley Hospital, National City, Calif., for $35 million, in an effort to prevent the facilitys planned sale to for-profit Prime Healthcare Services, Victorville, Calif. The group, called Paradise Preservation Group, is led by Fred Harder, who served as the 301-bed hospitals chief executive officer from 1986 to 1997, and is backed by about 40 local physicians. We are determined to preserve the rich heritage of Paradise Valley as a not-for-profit charitable trust, which it has been for over 100 years, Harder said. Paradise Valleys owner, Adventist Health, Roseville, Calif., declined to comment on whether it was considering the unsolicited bid. All I can say is that we have a signed, binding contract with Prime Healthcare, so out of respect for that, we are following the process that has been outlined, Adventist spokeswoman Rita Waterman said. Adventist, a 20-hospital system, agreed in November 2006 to sell money-losing Paradise Valley to physician-owned Prime Healthcare for a reported $30 million. California Attorney General Jerry Brown is set to decide by Feb. 19 whether to approve, block or put conditions on the sale to Prime Healthcare, which owns seven other hospitals in Southern California. Browns office has scheduled a Jan. 25 public hearing on the issue. Representatives of Paradise Preservation Group plan to testify at the hearing, Harder said. -- by Laura B. Benko
Calif. hospital draws competing offer
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