HEALTH
- Share via
Triad Healthcare Inc. to Sell or Lease Hospital: The Encino firm, whose bankruptcy earlier this year cast a cloud of uncertainty over two San Fernando Valley hospitals it owns, said it will sell or lease one of the facilities to raise money to repay its debts, among them a defaulted loan insured by the state. The company said it is seeking a buyer for its money-losing West Valley Hospital and Health Center in Canoga Park, a 139-bed facility known locally for its programs for expectant mothers and the elderly. Triad acquired the hospitals in 1991 with the help of a $167-million loan guaranteed by the state. The firm defaulted in July, 1993.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.