Beverly Hospital closes sale to Adventist Health White Memorial

By Sarah Lizee

Olympia, Wash., Sept. 7 – Beverly Hospital Foundation sold all of its assets to White Memorial Medical Center, doing business as Adventist Health White Memorial (AHWM), according to a notice filed Thursday with the U.S. Bankruptcy Court for the Central District of California.

The purchase price was $39.09 million, comprised of $23.55 million in cash, up to $14.24 million for repayment of the debtors’ debtor-in-possession facility and up to $1.26 million in cure costs.

Montebello, Calif.-based Beverly Hospital filed bankruptcy on April 19 under Chapter 11 case number 23-12359.

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