Emanual Medical Center Sale Completed
TURLOCK, CA (August 1, 2014) — The sale of Emanuel Medical Center to Doctors Medical Center (Tenet Healthcare) was completed today and daily operations have been transferred. As a result, the hospital is no longer an entity of Covenant Ministries of Benevolence (CMB).
EMC Health, Inc., a continuation of Emanuel Medical Center, will conduct the post-acquisition business operations of the organization, including collecting accounts receivable, administering Festival of Trees, donor relations, and operating Jessica’s House.
Proceeds from the sale of Emanuel Medical Center will be used to form Legacy Health Endowment, a grantmaking foundation that will fund area health-related causes. The terms of the sale also provide that the community will retain its hospital.
Legacy Health Endowment will administer the Bill and Elsie Ahlem Cancer Endowment, which provides grants to local cancer programs.
Jessica’s House was not included in the sale and will continue to serve the community through EMC Health, Inc. Jessica’s House is a grief support program for school-age children. It will continue to operate in the same location and rely on charitable gifts.
Hospice services have been conveyed to Covenant Retirement Communities and will operate under the new name CovenantCare Hospice.
Cypress of Emanuel has been conveyed to Covenant Retirement Communities and will operate under the new name Cypress Assisted Living. Brandel Manor has been conveyed to Covenant Retirement Communities and operates under the same name.
The sale was first agreed to in February 2013. The decision to sell Emanuel was reviewed and approved by the Emmanuel Medical Center board, the Board of Covenant Ministries of Benevolence, and the ECC Executive Board Finance Committee.