Patrick Soon-Shiong seeks to buy St. Vincent hospital, create 'central command' for coronavirus

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A foundation run by Dr. Patrick Soon-Shiong is seeking to purchase St. Vincent hospital out of bankruptcy to help with the coronavirus crisis.

All the reasons why a building like St. Vincent’s Medical Center would make a perfect place to serve homeless people.

The bankruptcy creditors include the hospital system’s former management company, Integrity Healthcare, which is controlled by NantWorks, the Culver City company led by Soon-Shiong. The long-term plan for St. Vincent Medical Center is still being worked out, Soon-Shiong said. If the sale to his foundation goes through, the infrastructure “needs a significant amount of work,” he said, and it’s unclear whether the center would operate as a hospital after the pandemic.“I think we have to address the homelessness issue, we have to address the mental health issue, we have to address the poverty issue, and that’s the mission of the foundation,” Soon-Shiong said.

Louis Cisz, attorney for American Hospital Properties of California, said his client also hoped to bid on the center and was disappointed with the timeline.

 

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