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KPC Health Acquires Seven Promise Healthcare Hospitals, Two Skilled Nursing Facilities

SANTA ANA, Calif., March 14, 2019 (GLOBE NEWSWIRE) 

Today, southern California-based KPC Health announced the acquisition of seven of Promise Healthcare’s long-term acute care hospitals and two skilled nursing facilities located in Kansas, Utah, Mississippi, Arizona, Louisiana, and Texas including northwest Dallas.

“Our vision is to create a fully integrated national healthcare system offering access to advanced, quality care,” said Dr. Kali P. Chaudhuri, Chairman of The KPC Group and KPC Health. “This acquisition is a major step forward in adding a multi-state network of ancillary facilities to our chain of hospitals and medical groups.”

“We are thrilled to announce the expansion of KPC’s ancillary healthcare platform, as this will further enable us to achieve our goal of providing high-quality, affordable healthcare to the local communities served by our health system,” said Peter Baronoff, CEO of KPC Health. “This acquisition adds valuable assets and intellectual property to KPC, and we look forward to integrating these facilities into our growing nationwide healthcare system.”

KPC Health owns and operates a group of integrated healthcare delivery systems consisting of acute care hospitals, Independent Physician Associations, medical groups, and various fully integrated multi-specialty medical facilities. KPC Health current system of hospitals includes seven full service acute care hospitals located throughout southern California.

Jeff Corless 714.676.8878
jeff@venturestrategic.com

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KPC Health Founder, Chairman Receives ‘Above and Beyond’ Award From Crime Survivors

KPC Health Founder, Chairman Receives ‘Above and Beyond’ Award From Crime SurvivorsCORONA, Calif., Aug. 15, 2019 (GLOBE NEWSWIRE) — Dr. Kali P. Chaudhuri, Founder and Chairman of the KPC Group and KPC Health, was recently presented with the “Above and Beyond” award from the Southern California based non-profit, Crime Survivors.  Crime Survivors’ mission is to provide hope and healing…

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KPC’s Chaudhuri Aims For Kaiser-Like Integration

KPC’s Chaudhuri Aims For Kaiser-Like IntegrationKPC Group founder Kali Chaudhuri is attempting to do what a private capital firm, a nonprofit charity, and Los Angeles’ wealthiest person couldn’t—turn around a struggling regional hospital system. The Business Journal reported last month that Chaudhuri’s KPC planned to pay $610 million to acquire assets of bankrupt Verity Holdings LLC,…

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KPC’s Global Mission to Save Community Healthcare Began in Hemet

KPC’s Global Mission to Save Community Healthcare Began in HemetIn 1984, a young orthopedic surgeon, Dr. Kali P. Chaudhuri, arrived in Hemet with the dream he one day would have a lasting impact on community healthcare.Hemet happened to be the perfect place to set up shop and call home. Single-family residences were starting to become…

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California company buys Overland Park hospital

California company buys Overland Park hospitalA California-based hospital operator now owns Promise Hospital of Overland Park after its parent company, Promise Healthcare, filed for Chapter 11 bankruptcy in November.Strategic Global Management, a for-profit hospital operator run by main investor and orthopedic surgeon Kali Chaundhuri, recently bought the Overland Park facility. Chaundhuri is chairman and founder of…

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