Venture Capital Group Proposes to Buy Valley Health System

An article publishing in the Press Enterprise yesterday says that a venture capital group focusing on health care companies has offered a buyout of all three hospitals within Valley Health System...

http://www.pe.com/..../Local_D_hospital01.3f2bc95.html

An Orange County venture capital firm that's funding two San Bernardino County hospital projects has offered to buy Valley Health System's three hospitals, a plan that would have to be approved by district voters.

The offer by Select Health Care Solutions of Del Mar is the latest to come since Valley Health hospital district board members announced plans to sell Moreno Valley Community Hospital earlier this year. Board members said last year's failure to pass a $485 million bond forced them to put the hospital up for sale.

For one, I'm glad to hear that Valley Health System is looking to sell off Moreno Valley Community Hospital. Part of the problem that plagues VHS is having to administer such a large area. Voters in Menifee don't want anything to do with Moreno Valley, and vice-versa, and thus don't want their tax money going there.

It's also encouraging to note that someone actually wants to buy Menifee Valley Medical Center, along with the other VHS hospitals. It's good know that someone sees something profitable in it. Or at least, that what I assume they are seeing.

At this point, I'm willing to let anyone buy it. The service is already rotten over there. It can only get better.