PHCD owns Petaluma Valley Hospital (PVH) and had negotiated a Letter of Intent with St. Joseph Health (SJH) to lease the hospital’s operations to a joint operating company between SJH and Adventist Health. This joint operating company underwent regulatory review, but in October 2019, the California Department of Justice Attorney General denied the proposed joint operating company combining St. Joseph Health and Adventist Health. While our intent for Petaluma Valley Hospital was to negotiate a long-term lease with the new joint operating company, we will revisit our discussions with St. Joseph Health on next steps. St. Joseph Health continues to operate our hospital. We will update the community on the proposed next steps in the coming months. Our priority continues to be to secure the best long term operator for our community hospital.
For more information on the due diligence process PHCD undertook to select its new long-term operation, please click here.
PHCD’s Board of Directors and CEO are committed to helping the community stay up-to-date on the process and engaged in our progress.