Expected Infusion Of Cash For Purchase Of Sonoma West Medical Center Is MIA
The hospital has been under financial strain for several years now.
Santa Rosa Press Democrat:
Sonoma West Medical Center Buyer Does Not Fulfill Agreement To Inject Money
A startup seeking to purchase Sonoma West Medical Center has not yet fulfilled its agreement to inject much-needed funds into the cash-strapped Sebastopol hospital, bogging down negotiations over the sale, hospital officials said Friday. At a Feb. 15 board meeting, the public health care district that owns Sonoma West approved a “letter of intent” to transfer the hospital, its property and the equipment inside to Americore Health, a Florida-based hospital management, investment and acquisition firm. In exchange for entering into negotiations with the hospital, Americore was expected to provide an infusion of $500,000, officials with the hospital and the Palm Drive Health Care District, which owns the hospital, said Friday. (Espinoza, 3/10)