California company buys Overland Park hospital

California company buys Overland Park hospital

A California-based hospital operator now owns Promise Hospital of Overland Park after its parent company, Promise Healthcare, filed for Chapter 11 bankruptcy in November.

Strategic Global Management, a for-profit hospital operator run by main investor and orthopedic surgeon Kali Chaundhuri, recently bought the Overland Park facility. Chaundhuri is chairman and founder of the KPC Group of Companies, which includes Strategic Global.

Promise Hospital of Overland Park is a 56-bed, long-term, acute-care hospital at 6509 W. 103 St. Hospital officials said all questions about the transaction should be directed to KPC. It’s unclear what the new management plans for the facility; KPC officials did not respond to a request for comment.

Promise Healthcare, based in Boca Raton, Fla., filed for bankruptcy in November and is selling 14 hospitals and two skilled nursing facilities through U.S. Bankruptcy Court.

The company, now led by a chief restructuring officer, has more than $565 million in debt, plus unpaid interest of $110 million, accrued expenses and accounts payable of $94 million, and capitalized leases of $13 million, according to its motion to obtain a loan to keep its operations ongoing.

Promise Health Care of Overland Park reported declining gross revenue year over year, with $11.25 million in gross revenue from Jan. 1, 2018, to Nov. 4, 2018, compared with gross revenue of $13.99 million the year prior. The hospital also reported $26.39 million in assets and $97.07 million in liabilities at the time of filing. 

KPC Group Offers $610M For Four Verity Health Hospitals

KPC Group Offers $610M For Four Verity Health Hospitals

Verity filed a motion Thursday in Los Angeles bankruptcy court to implement a public auction where other buyers could outbid KPC for Francis Medical Center in Lynwood, St. Vincent Medical Center in Los Angeles, Seton Medical Center in Daly City and Seton Coastside in Moss Beach. The winning bid is subject to the approval of the court and the California attorney general, depending on the buyer.

“Verity has remained committed to finding the right buyer to provide uninterrupted service and operations for all employees, physicians and patients, and we will continue that commitment as this process advances,” Rich Adcock, CEO of Verity Health, said in prepared remarks. KPC pledged to keep current employees.

KPC Group, which is the parent company of KPC Healthcare that operates seven hospitals in Southern California, would pay $420 million for St. Francis, $120 million for St. Vincent and $70 million allocated for Seton Medical Center and Seton Coastside, according to bankruptcy filings.

Private investment firm BlueMountain Capital Management bought the six-hospital system spanning Southern and Northern California from the financially encumbered Daughters of Charity Health System in late 2015, when it changed its name to Verity Health. BlueMountain pledged to invest up to $260 million in exchange for a lease on its information technology assets.

Nantworks, led by controversial entrepreneur Dr. Patrick Soon-Shiong, bought its stake in July 2017 and infused another $148 million in capital as Soon-Shiong eyed a testing ground for his precision medicine endeavors.

But Verity filed for bankruptcy in September, overburdened by more than $1 billion in bond debt and unfunded pension liability as well as its aging infrastructure.

Sumanta Chaudhuri Named Chief Medical Officer

Sumanta Chaudhuri Named Chief Medical Officer

HEMET, Calif., Dec. 04, 2018 (GLOBE NEWSWIRE) — Today, KPC announced the appointment of Dr. Sumanta Chaudhuri as Chief Medical Officer for Hemet Valley Medical Center and Menifee Valley Medical Center. Hemet Valley Medical Center and Menifee Valley Medical Center are two of seven hospitals affiliated with KPC’s southern California-based health system.

A graduate of Northwestern University’s Feinberg School of Medicine, Dr. Sumanta Chaudhuri most recently served as Program Director of the Transitional Year Internship for graduate medical residents at Hemet Valley Medical Center.

In addition, Dr. Chaudhuri served as the Associate Program Director of the Internal Medicine Residency Program and Director of the Peri-Operative Clinic of the Eye Institute at the Medical College of Wisconsin. Was selected as the Associate Program Director of the Internal Medicine Residency Program at Riverside Community Hospital, and served as Medical Director for local Independent Physician Associations and Hospitalist groups.

“Dr. Sumanta Chaudhuri brings with her a demonstrated track record of success, skill, passion, and expertise in healthcare through her clinical and academic credentials that are a tremendous benefit to the KPC health system and the communities we serve,” said Peter Baronoff, CEO of KPC Health.

“I am honored to have this opportunity to serve as Chief Medical Officer for Hemet Valley Medical Center and Menifee Valley Medical Center and will continue to pursue my lifelong goal of supporting high quality and accessible healthcare for our patients and their families,” said Dr. Chaudhuri.

KPC Announces New Partnership

KPC Announces New Partnership

SANTA ANA, Calif., Sept. 20, 2018 (GLOBE NEWSWIRE) — Today, KPC Health, which provides health care services in Orange County at Anaheim Global Medical Center, Chapman Global Medical Center, Orange County Global Medical Center and South Coast Global Medical Center announced a newly formed partnership with HealthCare Partners, a part of DaVita Medical Group and a division of DaVita Inc. to help better meet the healthcare needs of the Orange County community.

Both organizations agreed to working on an integrated delivery system of coordinated care that will serve HealthCare Partners’ CalOptima Medi-Cal, Commercial and Medicare Advantage patients.

Together, the organizations plan to offer a seamless approach to managing patient care through open lines of communication and care coordination between HealthCare Partners physicians and the KPC Health system of hospitals where they practice.

“Our new partnership with HealthCare Partners will enhance KPC Health’s system of integrated hospitals’ ability to effectively provide exceptional care and a unified approach to treatment, recovery and overall health for our patients,” said Chief Executive Officer Peter Baronoff. “Not only does this partnership enhance our vision for KPC Health, but it also marks an enormous milestone in our expansion of providing superior integrated healthcare to the communities in which our hospitals, physicians and healthcare professionals, serve as one team.”

KPC Health has successfully established a group of integrated healthcare delivery systems consisting of acute care hospitals, Independent Physician Associations (IPAs), medical groups, urgent care facilities, and various fully integrated multi-specialty medical facilities throughout the western United States.

The KPC Group is a global leader in healthcare, pharmaceuticals, education, engineering and real estate. Founded by world renowned Orthopedic Surgeon and entrepreneur Dr. Kali Chaudhuri, Chairman and CEO, The KPC Group, has amassed over $10 billion in assets, including hospitals, clinics, schools, commercial real estate properties and agricultural research centers.

DaVita Medical Group is a division of DaVita Inc., a Fortune 500® company, that operates and manages medical groups and affiliated physician networks in California, Colorado, Florida, Nevada, New Mexico and Washington. A leading independent medical group in America, DaVita Medical Group has over two decades of experience providing coordinated, outcomes-based medical care in a cost-effective manner. DaVita Medical Group’s teammates, employed clinicians and affiliated clinicians provided care for approximately 1.7 million patients. For more information, please visit

Jeff Corless 714.676.8878
Kelsey Eiben 714.676.8879


Peter Baronoff Appointed CEO of KPC

Peter Baronoff Appointed CEO of KPC

Santa Ana, CA, July 12, 2018 (GLOBE NEWSWIRE) — Today, KPC Health System announced the appointment of Peter Baronoff as Chief Executive Officer of the KPC system of hospitals and Managing Director of KPC Global Management. In his role as CEO and Managing Director, Mr. Baronoff will oversee the executive operations of the health system’s corporate offices, its seven acute care hospitals, and affiliated medical groups.

From 2001 to 2017, Mr. Baronoff served as Co-Founder, Chairman and CEO of Promise Healthcare, one of the largest acute care specialty hospital systems in the United States.

“Peter’s long history of effective management in healthcare and finance is invaluable to KPC and our efforts to continuously improve accessibility and deliver the very best quality care for patients,” said Dr. Kali P. Chaudhuri, Chairman of the KPC Group. “As the KPC hospitals continue to build on their recent growth and success, Peter’s vision and leadership are integral components to the strategy of leading us into the future as our healthcare system evolves.”

“I am honored to join the KPC family and lead the organization as we continue to grow and integrate our system of hospitals, physician groups, and ancillary operations,” said Mr. Baronoff. “The KPC hospitals, physicians, nurses and staff have saved and improved the lives of so many people throughout the Southern California community. I look forward to our journey together as one team with one mission – delivering the very best healthcare to the families of our communities.”

Mr. Baronoff brings with him decades of experience and successful leadership in healthcare and finance. From 2001 to 2017, he served as Co-Founder, Chairman and CEO of Promise Healthcare and additionally served as a three-term National President of the Acute Long-Term Hospital Association. In 2017, he was honored by the Sun Sentinel News Media Group as Palm Beach County Business Leader of the Year in South Florida for his commitment to the values of innovation, corporate growth and community involvement.

The former Deputy Mayor of Boca Raton, Florida, and two-term elected City Council Member, Mr. Baronoff also has extensive experience in shaping local public policy for his community. Recently, he served on the Executive Committee of Boca Raton Regional Hospital Board of Trustees and has devoted his service to several charitable organizations including Rotary International and the Boca Raton Police Foundation. Mr. Baronoff has the distinct honor of being selected and inducted into the Boy Scouts Court of Honor. He holds Master of Health Administration and Bachelor of Finance degrees from the Florida University system.