Valley Health System in Bankruptcy

Valley Health System filed for chapter 9 bankruptcy yesterday.

Both the Press Enterprise and The California have articles on this...

http://www.pe.com/localnews/inland/stories/PE_News_Local_D_hospital14.2c3b7ff.html

http://www.nctimes.com/articles/2007/12/14/news/californian/18_56_2612_13_07.txt

From reading the articles, it doesn't appear there are any definitive answers on "what happens next".

I'm thinking the district will continue with the sale of Moreno Valley to Select Healthcare, or someone else. It doesn't have to hold a public vote to sell it. That should bring in some more cash.




2 Comments:

  1. I knew that would happen.

    ReplyDelete
  2. Select doesnt have the money to buy Moreno, his backers have left, now what??

    ReplyDelete

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