After months of fighting to save Regional Medical Center’s services, Santa Clara County leaders figured out how to stop the owner of the hospital from gutting them: they plan to buy it. County officials announced their intent to buy the hospital from HCA Healthcare, the nation’s largest hospital corporation, for $175 million. County Executive James Williams said the county approached HCA about the deal and both sides agreed the price was fair. The funding is coming from a one-time reimbursement of Federal Emergency Management Agency (FEMA). Williams said the county can also issue lease revenue bonds using Regional itself as collateral.
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Source: https://sanjosespotlight.com/santa-clara-county-to-buy-regional-medical-center/