Cedars-Sinai Health System announced today the purchase of the 145-bed Marina Del Rey Hospital and its neighboring medical office building.
Marina Del Rey Hospital will operate as a distinct community hospital affiliate of the Cedars-Sinai Health System and will continue to provide its existing services, including a 24-hour emergency room.
In addition to general acute medical services and 24/7 emergency care, Marina Del Rey Hospital currently offers expertise in several specialty areas, including spine, weight loss, orthopedics, minimally invasive surgery, women’s health and internal medicine.
The hospital will convert to nonprofit status, which will result in an enhanced mission to serve the healthcare needs of the local community, including provision of community benefit programs. Previously, Marina Del Rey Hospital was owned by a partnership led by Westridge Capital.
All 660 employees will remain employees of Marina Del Rey Hospital.
Cedars-Sinai looks forward to working closely with Marina Del Rey Hospital’s medical staff, management team, and employees to understand the needs and opportunities for enhanced service to the community," said Thomas M. Priselac, president and CEO of Cedars-Sinai Health System.
The acquisition of the hospital is part of Cedars-Sinai Health System’s ongoing development as a comprehensive healthcare organization offering hospital and physician services operating in multiple locations, making it easier for more people to access coordinated quality care close to home. The region that includes Marina del Rey and surrounding communities has been one of the areas of Cedars-Sinai growth. Cedars-Sinai recently opened an urgent care and primary care center in Culver City and will open a similar facility in Playa Vista in 2016.
“Marina Del Rey Hospital’s affiliation with Cedars-Sinai will be a terrific step forward as this great hospital continues the execution of its important strategic mission, providing the finest care to the communities it serves,” said Brian Kaufman, managing partner of Westridge Capital. “We have been thrilled to be a part of this hospital’s transformation and growth over the last 11 years.”
Marina Del Rey Hospital’s CEO, Sean Fowler, added, “This is a positive move for Marina Del Rey Hospital, allowing our management team to accelerate our progress toward achieving strategic goals while creating opportunities for additional growth and program enhancement. We look forward to hearing the ideas of our MDRH physician leadership and others as we move forward.”
Cedars-Sinai is a national leader in providing high-quality, patient-centered healthcare encompassing primary care as well as the most advanced specialty services. Cedars-Sinai also is recognized for its medical research, which leads to life-saving discoveries and innovations in heart disease, cancer and brain disorders, among other areas.