Another bite at the Orange; Third round of bidding for Anaheim Memorial.(The Week in Healthcare)(merger of Memorial Health Services Inc. and Integrated Health Systems Inc.)

Modern Healthcare,  February, 2008  by Galloro, Vince

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Byline: Vince Galloro

It won't take much to make the third time the charm for Memorial Health Services, Huntington Beach, Calif. Crossing the finish line on a sale of 223-bed Anaheim (Calif.) Memorial Medical Center would seem to suffice.

The not-for-profit system is seeking bids for the third time on the hospital because financing fell through for an agreement announced in November 2007. For-profit Integrated Healthcare Holdings, Santa Ana, Calif., won the second round of bidding on the hospital with an offer of $68 million in cash and a capital commitment of $28.7 million.

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