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Cottage Health-Sansum Clinic merger proposal withdrawn

By   /  Thursday, May 11th, 2017  /  Central Coast Health Watch, Latest news, South Coast, Top Stories, Top Story  /  Comments Off on Cottage Health-Sansum Clinic merger proposal withdrawn

Story updated at 5:20 p.m. May 11: The proposed merger between Cottage Health and Sansum Clinic is dead. Both parties agreed to withdraw the application after nearly four years of awaiting approval from the Federal Trade Commission. “As we approach the four-year mark, we have decided together to withdraw the proposal so we can better Read More →

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Pacific Premier, Heritage Oaks shareholders approve merger

By   /  Friday, March 31st, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Pacific Premier, Heritage Oaks shareholders approve merger

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Merger pays off for American Riviera Bank

By   /  Thursday, October 27th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Merger pays off for American Riviera Bank

American Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept. 30 or 32 cents per share versus 5 Read More →

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Dignity Health plans merger with Catholic Health Initiatives

By   /  Monday, October 24th, 2016  /  Central Coast Health Watch, Latest news  /  Comments Off on Dignity Health plans merger with Catholic Health Initiatives

San Francisco-based Dignity Health plans to merge with Colorado-based Catholic Health Initiatives in a deal that would combine a couple of the largest nonprofit providers in the country, Dignity announced on Oct. 24. Dignity Health owns five hospitals in the Tri-Counties, including Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo, St. Read More →

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Cottage-Sansum merger proposal tests virtues of integration

By   /  Friday, September 30th, 2016  /  Central Coast Health Watch, middle, Nonprofits, South Coast  /  Comments Off on Cottage-Sansum merger proposal tests virtues of integration

  State and federal regulators are grappling with a deal that could reshape the region’s health care landscape. The proposed merger of Cottage Health, operator of the only hospitals in South Santa Barbara County and the Santa Ynez Valley, with Sansum Clinic, the largest physician practice in the area, raises questions about cost, quality and Read More →

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Cottage/Sansum merger could drive up cost of care

By   /  Friday, September 2nd, 2016  /  Central Coast Health Watch, Top Stories, Top Story  /  1 Comment

Cottage Hospital wants to merge with Sansum Clinic. Regulators are studying the proposal. (Nik Blaskovich)

  It was around 3 a.m. when Emily awoke in a cold sweat. She was short of breath as her fever reached 103 degrees in the midst of an asthma attack. Emily, whose real name has been changed to protect her identity, drove to Santa Barbara Cottage Hospital where she underwent a series of tests. Read More →

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Cost concerns hold up Cottage-Sansum merger

By   /  Friday, July 15th, 2016  /  Central Coast Health Watch, South Coast, Top Stories, Top Story  /  Comments Off on Cost concerns hold up Cottage-Sansum merger

  It was the biggest celebration in Santa Barbara’s history. The 1889 Grand Carnival at the Lobero Theatre attracted more than 5,000 residents who donated $2,742 — about $73,000 in current dollars — to help build the area’s first hospital. The carnival fundraiser was the brainchild of a group of 50 women who set out Read More →

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