5) According to information in a court document dated May 1, 2012, IHHI made a filing to the Securities and Exchange Commission regarding the default on the loans, and that fact was also publically reported in the Orange County Register.
9) According to the article, IHHI admitted they had been suffering financial losses: "'Yes, we are still losing money, 'said Dr.
operates four facilities in Orange County: Chapman Medical Center, Western Medical Center Santa Ana, Western Medical Center Anaheim and Coastal Communities Hospital in Santa Ana.
Founded in 2003, IHHI
is a publicly traded hospital management company that serves Orange County residents with a total of 762 beds, 3,201 employees and 1,438 physicians.
As part of the Versant RN Residency, graduate RNs at IHHI
hospitals complete a rigorous 18-week training program that features ongoing evaluation, Web-facilitated clinical modules and skills labs.
Larry Anderson, President of IHHI
, stated, "These executive changes support the company's forward-looking plans for future acquisitions.
and OC-PIN entered into a First Amendment to their Stock Purchase Agreement, dated January 28, 2005.
represents the fourth successful purchase agreement Hooper, Lundy & Bookman has handled in the last year on behalf of clients acquiring a total of ten hospitals from Tenet.
Dan Brothman, former CEO of Western Medical Center, will become senior vice president of IHHI
with oversight responsibility for all four hospitals.
DHS stated that it will issue IHHI
licenses to operate each hospital effective on the date of closure of the sale transaction between IHHI
Chaudhuri will invest $500,000 in IHHI
in the form of a Convertible Secured Promissory Note, and may provide additional financing directly to the Company as needed;
Dan Brothman, currently chief executive officer of Western Medical Center, will join IHHI
as senior vice president-operations in charge of all four hospitals.