Plymouth Health Completes Purchase Of Alvarado Hospital
San Diego, CA - Plymouth Health, a newly formed physician-owned company, announced recently that it has completed its purchase of Alvarado Hospital from a subsidiary of Tenet Healthcare Corporation. Plymouth Health announced its purchase of the hospital in October 2006, and the conclusion of the sale follows completion of Plymouth's due diligence and normal regulatory and closing requirements.
Plymouth Health's principals include members of a family of physicians – Pejman Salimpour, MD, and Pedram Salimpour, MD – who also own CareNex Health Services, a healthcare technology and client services organization specializing in business process outsourcing, disease management programs and patient-physician communications services.
"We are excited about the future of Alvarado Hospital," said Dr. Pejman Salimpour, CEO of Plymouth Health. "We have a lot of work ahead of us and it is our hope that this transition will bring with it a sense of renewal and stability for the entire hospital. We know there has been a lot to deal with and now those days are behind us."
Plymouth Health, based in California, is a physician-owned company formed specifically to acquire and operate Alvarado Hospital. The company will continue to operate Alvarado Hospital as an acute care facility and will maintain its 24-hour emergency room services.
Dr. Pejman Salimpour, a practicing physician, is Professor of Clinical Pediatrics at the UCLA School of Medicine and formerly served as the Clinical Chief of Pediatrics at Cedars-Sinai Medical Center. He also is a member of the National Latino Healthcare Task Force and was recently appointed to the National Advisory Council of the United States Small Business Administration. Dr. Pedram Salimpour, a practicing physician, is believed to be the first person ever to have twice received the American College of Physicians' Research Award. He currently serves as a member of the Board of Directors of the UCLA School of Public Health, the Board of Advisors of the University of California at Riverside and is President-Elect of the Los Angeles County Medical Association (District 6). Both Dr. Pejman Salimpour and Dr. Pedram Salimpour have received commendations from the Governor of California for their "Distinguished Record of Service to California's Children."
"Quality care, compassion and dedication to our patients will continue to be our top priorities," said Dr. Pedram Salimpour, President of Plymouth Health. "Caring for people and caring about people is a responsibility we all share and these equally important values will guide every decision we make."
The Salimpours also founded a not-for-profit organization called NexCare Collaborative. NexCare's most notable project was First 5 LA Connect, which is believed to have helped more than 100,000 Los Angeles families with children learn more about or gain access to free or affordable health insurance and healthcare. The centerpiece of the program was a comprehensive helpline, professional call center and web site.
For more information, you can visit www.plymouthhealth.com.
SOURCE: Plymouth