NorCal HealthConnect offers to acquire Petaluma Valley Hospital for $52.6M

July 30, 2020 – The operator of Petaluma Valley Hospital announced it has received a proposal from NorCal HealthConnect, LLC, a secular affiliate of Providence St. Joseph Health (PSJH), to purchase Petaluma Valley Hospital for $52.6 million. Under the proposed deal, NorCal would continue to provide emergency and acute care services “well into the future.”

NorCal HealthConnect would commit to continue operating the hospital as an acute-care hospital with an emergency department for a minimum of 20 years. NorCal HealthConnect would continue providing all current hospital services. In this era when many community hospitals are closing obstetrics services, the District further secured a commitment to maintain The Family Birthing Center for a minimum of 5 years.

Additionally, as the owner and new operator, NorCal HealthConnect would assume responsibility for deferred and ongoing maintenance, capital expenditures and seismic compliance.

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