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St. Mary Medical Center Offers To Purchase VVCH for $35M

01/10/2012

APPLE VALLEY – January 10, 2012 – In an effort to assure the continued care of the poor and vulnerable while alleviating capacity issues at its Apple Valley campus, St. Mary Medical Center has offered to purchase Victor Valley Community Hospital.

After assessing the status of existing offers to purchase the 101 bed hospital, St. Mary Medical Center, with the support of its parent company, St. Joseph Health System, presented its offer to the Victor Valley Community Hospital Board of Directors. The offer includes a purchase price of $35M and a pledge of $25M in capital improvements over the next five years. “It is not in the best interest of our communities and those we serve that Victor Valley Community Hospital close,” said Alan Garrett, CEO St. Mary Medical Center. “Victor Valley Community Hospital provides a significant amount of care for the poor and vulnerable in our community and it would be tragic to reduce healthcare access in a region already short of hospital beds,” Garrett added. St. Mary provided more than $17M in community benefit in 2011 including $4.8M for treating low income patients through financial assistance and free and discounted services for those unable to pay.

St. Mary Medical Center is and has been for some time, dealing with capacity issues. The Apple Valley medical center has recently added 20 beds to its campus and has another 14 scheduled to be added in 2012. St. Mary Medical Center is planning a new Victorville campus scheduled to open in 2016 with an initial 128 bed acute care hospital.

St. Mary Medical Center, currently the high desert’s busiest medical center, sees nearly 80,000 annual Emergency Department visits and 14,000 inpatient admissions.

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