Californians taking over Fairmont
General
Fairmont
General Hospital will be sold for $15.3 million to Alecto Healthcare Services, based
in Long Beach, California, and only incorporated since 2012.
Alecto
owns and operates healthcare facilities including Olympia Medical Center in Los
Angeles and St. Rose Hospital in Haywood, California.
Alecto’s top officers previously had the same role with
Prime Healthcare Services, a for-profit hospital chain based in Ontario,
California.
The
WBOY-TV report:
Fairmont General Hospital Sale Approved in Bankruptcy Court
By Stacy Moniot, WBOY-TV
Anchor/Reporter
Mike Garrison, attorney for Fairmont General Hospital, said the sale of the hospital to Alecto Healthcare Services Fairmont LLC has been approved in federal bankruptcy court for $15.3 million.
Garrison said he and his client are "very pleased with the outcome."
"The
acquisition of Fairmont General by Alecto is a very positive move for both the
citizens of Fairmont and surrounding areas,” said Peggy Coster, President and
CEO of Fairmont General Hospital, according to a press release. “We
are delighted to keep our acute care hospital here in Marion County. This
purchase will allow the hospital to make many of the capital improvements that
will allow us to better serve our community.”
“We are proud to have Fairmont General Hospital join Alecto Healthcare Services,” said Alecto Executive Vice-President and General Counsel, Mike Sarrao, in the same release. “We believe in community hospitals and in the quality of care they provide. With the ever changing healthcare landscape, Alecto’s mission is to keep independent community hospitals open so that they can continue to provide care to the communities they serve. We have visited Fairmont many times over the past few months and have been very impressed with the friendliness of the staff and the dedication of the physicians and look forward to working with community to ensure Fairmont’s success for years to come.”
Fairmont General filed Chapter 11 Bankruptcy in September of 2013.
“We are proud to have Fairmont General Hospital join Alecto Healthcare Services,” said Alecto Executive Vice-President and General Counsel, Mike Sarrao, in the same release. “We believe in community hospitals and in the quality of care they provide. With the ever changing healthcare landscape, Alecto’s mission is to keep independent community hospitals open so that they can continue to provide care to the communities they serve. We have visited Fairmont many times over the past few months and have been very impressed with the friendliness of the staff and the dedication of the physicians and look forward to working with community to ensure Fairmont’s success for years to come.”
Fairmont General filed Chapter 11 Bankruptcy in September of 2013.
A
closing date for the sale transaction has not yet been set.
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