Calif. Hospital Had Financial Links to Vendors, Audit Finds
A new state audit finds that Salinas Valley Memorial Health System paid $21 million over five years to firms in which its CEO and board members had financial interests. According to the audit, there were 11 cases in which board members received stocks and other payments from vendors doing business with the hospital system and two cases that might have been in violation of the law. Hospital officials said they would implement the auditors' recommendations.
- "Hospital Did Business With Firms Tied to its CEO, Board Members" (Allen/Becerra, Los Angeles Times, 3/9).
- "Audit: Ca. Hospital Had Financial Ties to Vendors" (AP/Sacramento Bee, 3/8).