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Providence Signs Agreement to Acquire Tarzana Hospital
Date:7/1/2008

ves for these employees.

"The Tarzana campus, its employees and its medical staff have a reputation for providing quality and compassionate health care, which we will be proud to continue," said Arnold R. Schaffer, Chief Executive, Providence Health & Services California Region. "Continuing and strengthening the services provided at this hospital are vital for those living and working in Tarzana and surrounding communities. The medical center is critical to the entire San Fernando Valley region, which has seen several recent hospital closures that have reduced access to affordable, high-quality medical care."

Three hospitals in the Valley have closed in the past five years, resulting in a loss of more than 400 patient beds and two emergency departments. The closure of these facilities has had a major impact on other Valley hospitals, many of which have experienced significant increases in patient volume and emergency department waiting times as a result. Consistent with its commitment to expanding access to quality, affordable health care services for all, Providence will apply for the Tarzana campus to become a Medi-Cal contracting hospital with the State of California.

As a not-for-profit health care system, Providence will continue its commitment to providing millions of dollars in community benefit and charity care services every year within the communities it serves. Last year, Providence provided more than $40 million in community benefit to the San Fernando and Santa Clarita Valleys, as well as more than $62 million in community benefit throughout Los Angeles County.

Much of this outreach was focused in Tarzana and surrounding communities, including the senior peer counseling, Latino health promoters, violence prevention outreach and tattoo removal programs. Monthly health lectures and mall-walking programs for seniors also are provided throughout these communities. Providence will work closely with the community partners of the Ta
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SOURCE Providence Health & Services
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