Market Overview

Parkview Community Hospital Medical Center Announces Sale of Hospital to AHMC Healthcare


Parkview Community Hospital Medical Center (PARKVIEW) has selected AHMC
Healthcare Inc. to acquire Parkview's 193-bed acute care hospital in

Under the agreement reached, current levels of hospital services will be
preserved, including operation of the newly constructed emergency
department, while assuring continued investment in infrastructure,
technology, and enhancement of the scope of services.

Parkview and its representatives have engaged in a comprehensive and
deliberate process to identify those organizations that would best meet
the needs of the surrounding communities. "The Parkview decision was
based on the buyer meeting a number of critical criteria," said Steve
Popkin, CEO, Parkview Community Hospital Medical Center. "These included
a long-term commitment to partner with Parkview's physicians and staff
in providing quality acute care services to Riverside and the
surrounding communities; offering round-the-clock emergency services;
continuing to serve Medicare, Medi-Cal, Managed Care, and charity care
patients; and having the ability to provide sufficient resources to
continue the Mission and Vision of Parkview."

AHMC Healthcare Inc., formed in 2004, is one of the largest regionally
owned integrated health care systems in the nation and its affiliated
hospitals are recognized leaders in providing value-based and wellness
focused services to the community. AHMC Healthcare hospitals have a long
track record of successfully and effectively operating safety net
hospitals and serving the diverse health care needs of community

AHMC Healthcare Inc. and its affiliated hospitals form a regional
network of hospitals consisting of more than 1,000 beds. AHMC Healthcare
Inc.'s affiliated family of hospitals includes Garfield Medical Center,
Monterey Park Hospital, Anaheim Regional Medical Center, Whittier
Hospital Medical Center and Greater El Monte Community Hospital. The
hospitals are also associated with San Gabriel Valley Medical Center and
Alhambra Hospital Medical Center.

"We are committed to helping ensure the future success of Parkview
Community Hospital Medical Center as a vital resource that serves the
health care needs of the community," said Jonathan Wu, M.D., Chairman of
AHMC Healthcare Inc. "As a physician who has lived and practiced in
Southern California for more than 30 years, I know the value of
providing community accessible value-based care. We recognize and
appreciate Parkview's essential role in providing care to the
underserved. We share the same strong commitment to meeting the health
care needs of our communities by providing a wide range of high-quality
medical services."

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