Scripps purchases former San Diego Hospice hospital
Scripps Health made the winning bid Tuesday to buy San Diego Hospice's eight-acre Hillcrest property, but rival Sharp HealthCare didn't make it easy. The region's two largest health care systems squared off Tuesday before bankruptcy Judge Margaret Mann in an auction that started at $11 million. Mann sat silently as the two sides traded bids increasing at least $50,000 a shot. Now and then, the players would ask for a recess to strategize in private. A total of 50 bids later, Scripps finally hit a price — $16.55 million — that Sharp was not willing to match.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- Are ACOs Really Different from HMOs?
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Rise of the Chief Strategy Officer