If the deal goes through, the non-profit Tucson health system will have four hospitals in Southern Arizona, including the 40-bed facility located in Green Valley.
The Santa Cruz hospital hasn't had a secure financial future even before it declared bankruptcy in 2017 and was purchased by the private equity firm Lateral Investment...
The state has provided the first $1.1 million payment with another $1 million on its way - the remaining $1.5 million is expected within three weeks.
According to the hospital's CEO Kelly Adams, inpatient and emergency room revenues have fallen 60% for the Green Valley hospital since the state banned elective surgeries. Adams said...Arizona News
The facility recently laid off 60 employees and announced a new CEO Kelly Adams, a partner in ER Hospital, a firm hired by the hospital's owner Lateral Investment Management.
In January 2018, the California-based equity firm Lateral Investment Management was the sole bidder on the hospital with its $28.5 million bid. Lateral is know...