HomeMy WebLinkAboutResolution - 3297 STATE OF CALIFORNIA ) RESOLUTION NO. 3297
V%l COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, IN SUPPORT OF PHYSICIANS FOR
HEALTHY HOSPITALS SPECIAL DECEMBER 15, 2009,
ELECTION ON MEASURE P
WHEREAS, the primary roles of local elected officials is to protect the
health, safety and welfare of their residents, and to promote and sustain
economic activity; and
WHEREAS, the City of San Jacinto recognizes the important contributions
of the Hemet Valley and Menifee Valley medical centers to the regional
emergency response and public healthcare system in a region that has half the
number of hospital beds per 1,000 residents as the state average; and
WHEREAS, Valley Health System, the public health care district that
operates the Hemet and Menifee hospitals, is the region's largest employer,
responsible for 1,400 direct healthcare jobs and 1,500 indirect jobs, representing
an annual economic activity of $834 million; and
WHEREAS, the Board of Directors of Valley Health System has accepted
a $160 million proposal from Physicians for Healthy Hospitals, a group of more
than 130 local doctors who practice in the Valley Health System that has come
together to purchase the hospitals and other assets of Valley Health System; and
WHEREAS, Valley Health System has been in Chapter 9 bankruptcy
since 2007 and the Valley Health System Board of Directors has determined that
Valley Health System should sell its assets to Physicians for Healthy Hospitals to
preserve hospital and emergency room services and to satisfy the district's debt
obligation of at least $44.5 million to bond holders and $21 million to unsecured
bankruptcy creditors; and
WHEREAS, the offer from Physicians for Healthy Hospitals provides the
district with more than the appraised value of the hospitals and Valley Health
System assets and assumes tens of millions of dollars in debt without any
taxpayer debt or liability; and
WHEREAS, Physicians for Healthy Hospitals has entered an association
agreement with St. Bernardine/Catholic Healthcare West to expand local access
to nationally recognized healthcare programs; and
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