Controversy Emerges Around Paradise Valley Hospital Sale
What happens when a hospital becomes a for-profit business? On Wednesdays Full Focus, well find out what the implications are for the South Bays struggling Paradise Valley Hospital and the publ
Controversy continues to rage over the sale of Paradise Valley Hospital, a non-profit religious corporation, to two Delaware for-profit entities. Tonight we’ll talk about the concerns being raised over the proposed sale.
Paradise Valley Hospital serves a largely lower income Medicare and Medi-Cal population and is clearly in trouble with losses topping $5 million last year. After more than a century of operating the 301-bed facility, non-profit Adventist Health decided to sell to for-profit Prime Healthcare. That decision stirred up a hornet’s nest of opposition plus an offer from a competing group of doctors and investors who pledged to continue operating Paradise Valley as a non-profit. The offer was rejected. Tonight we’ll sort out what’s in the best interests of the thousands of patients who use the hospital.
- Fred Harder, former CEO of Paradise Valley Hospital and leader of Paradise Preservation Group, a group of physicians and investors who have submitted a counter offer to purchase hospital and keep it nonprofit
- Nathan Kaufman, Managing Director of Kaufman Strategic Advisors