KPC Group buys four new hospitals in California
■ By Rusty Strait / Senior Reporter
Dr. Kali P. Chaudhuri and his KPC Group, owners of hospitals in Hemet, Menifee and other cities around the world, have bid to acquire four California hospitals for the sum of $6.1 million.
The four hospitals that KPC Group has bid on, all owned by Verity Health Systems, are:
– St. Vincent Medical Center, in downtown Los Angeles, is a 366 bed hospital. It was founded by the Daughters of Charity in 1856. In 2002, Catholic Healthcare West, with whom St. Vincent Medical Center became affiliated, sold the hospital to the newly established Charity Health System. In 2015, St. Vincent Medical Hospital became part of the Verity Health System.
– St. Francis Medical Center, founded in 1945, is a 384 bed, acute-care hospital in Lynwood, California, a suburb of Los Angeles. In 1996, the emergency room was designated a level II trauma center.
– Seton Medical Center, located in Daly City, California, is a 357 bed hospital. It originated in San Francisco in 1889 due to the generosity of Kate Johnson, a wealthy San Francisco widow, and subsequently was relocated to Daly City in 1965. Between 1995 and 2002, it was managed by Catholic Healthcare West. In 2011, Seton Medical Center was ranked fifth of forty-four Bay Area hospitals by U.S. News and World Report. The hospital is credited with attracting the initial influx of Filipino immigrants to Daly City, which has the highest concentration of Filipinos in the United States.
– Seton Coastside, managed by Seton Medical Center, is located in Moss Beach, California and offers skilled nursing care to 115 patients. It becomes the fourth in the acquisition by the KPC Group.
Kali P. Chaudhuri is well-known in the Hemet area. Over the years he has been criticized by competitors and naysayers, but his improvements and foresight in regards to Hemet’s hospital, currently known as Hemet Valley Medical Center, shows a man with visionary ideas that include some things already in place: a new nursing program, an internship and residency program, a cardiac center and a forthcoming cancer center. The new emergency room is considered top in the state.
Peter Baranoff, KPC Chief Executive Officer, says, “Not only does this partnership enhance our vision for KPC Health, but it also marks an enormous milestone in our expansion of providing superior, integrated health care to the communities in which our hospitals, physicians and healthcare professionals serve as one team.”
The acquisition of the four hospitals is expected to be completed within six months. The resulting purchase will position Dr. Chaudhuri and the KPC Group as one of the largest privately owned healthcare providers in the western United States. Dr. Chaudhuri still considers Hemet his home and continues to be active in many local real estate projects.