Healthcare group to buy county hospitals Costa...

Healthcare group to buy county hospitals

Costa Mesa-based Integrated Healthcare Holdings Inc. will acquire

four Orange County hospitals from Tenet Healthcare Corp. for $70

million.

The purchase includes Western Medical Center in Anaheim, Chapman

Medical Center in Orange and Western Medical Center and Coastal

Communities Hospital in Santa Ana. The deal is expected to close Nov.

30.

Integrated Healthcare Holdings Inc. plans to continue all services

now provided by the hospitals and retain its employees, according to

information from the company. Western Medical Center chief executive

Dan Brothman will become senior vice president of operations for all

four hospitals to be acquired.

Anteaters know how to play the market

Most of the UC Irvine business students in a $1.5-million stock

project sponsored by venture capitalist Chuck Martin are in the black

and outperforming the market, according to the university’s graduate

school of management.

In a yearlong competition that ends in May 2005, six teams

invested Martin’s money and are seeing gains ranging from 5% to 52%

with only one team posting losses.

Martin, who is on the advisory board for the graduate school of

management’s dean, planned the project to help students analyze

financially sound companies and work in teams. The team with the best

return on its investments will win 50% of its earnings, as much as

$12,000 per team member.

Carpet One begins cancer benefit

To recognize National Breast Cancer Awareness month, Newport Floor

Covering Carpet One in Costa Mesa will hold a campaign to raise money

for breast cancer research and advocacy with sales of specially

designed welcome mats.

Three mat designs are available for $19.99 each. Proceeds will be

donated to the American Cancer Society. Mats can be purchased at

Newport Floor Covering Carpet One, 3500 E. Coast Highway, Newport

Beach. For more information, call (949) 675-1636.