Overview
What is St Vincent Medical Center Howard B Grobstein Liquidating Trustee?
St. Vincent Medical Center Howard B. Grobstein Liquidating Trustee is a nonprofit entity, previously operating a 366-bed acute care hospital in Woodland Hills, California. The hospital ceased operations in January 2020 and its assets were subsequently sold to Dr. Patrick Soon-Shiong on April 16, 2020. The Trustee is currently in the process of winding down and dissolving, having served various purposes such as maintaining an acute care hospital, promoting healthcare research, operating health plans, and supporting the general health of the community. Additionally, it provided financial and other forms of assistance to affiliated healthcare facilities under Verity.
Is St Vincent Medical Center Howard B Grobstein Liquidating Trustee legitimate?
St Vincent Medical Center Howard B Grobstein Liquidating Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent Medical Center Howard B Grobstein Liquidating Trustee submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of St Vincent Medical Center Howard B Grobstein Liquidating Trustee?
St. Vincent Medical Center, under the liquidating trustee, was established with a multi-faceted mission. Its primary objective was to operate an acute care hospital and related facilities, ensuring the well-being of the community served. Additionally, the center promoted research related to healthcare services, aiming to enhance the quality and effectiveness of healthcare provision.
The trust also focused on maintaining health plans, utilizing systems designed to maximize benefits for the communities served. Furthermore, it was committed to promoting general community health and providing financial and other forms of assistance to benefit affiliated healthcare facilities.
Who is the CEO of St Vincent Medical Center Howard B Grobstein Liquidating Trustee?
Howard B Grobstein is the Liquidating Trustee of St Vincent Medical Center Howard B Grobstein Liquidating Trustee.
What is the revenue of St Vincent Medical Center Howard B Grobstein Liquidating Trustee?
St Vincent Medical Center Howard B Grobstein Liquidating Trustee's revenue in 2022 was $0.
Who are the executives of St Vincent Medical Center Howard B Grobstein Liquidating Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Vincent Medical Center Howard B Grobstein Liquidating Trustee?
St Vincent Medical Center Howard B Grobstein Liquidating Trustee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Vincent Medical Center Howard B Grobstein Liquidating Trustee
St. Vincent Medical Center Howard B. Grobstein Liquidating Trustee was established with a multifaceted mission. Primarily, its purpose was to operate an acute care hospital and related facilities, providing essential medical services to the community. Beyond this, the trustee also aimed to promote research related to healthcare services, striving to improve medical knowledge and patient care.
Furthermore, St. Vincent Medical Center Howard B. Grobstein Liquidating Trustee sought to establish health plans utilizing systems designed to maximize benefits for the communities served. This involved working towards the best possible outcomes for the individuals using these health plans. Additionally, the trustee was committed to promoting the general health of the community, advocating for initiatives and policies that would improve overall well-being.
Lastly, St. Vincent Medical Center Howard B. Grobstein Liquidating Trustee was prepared to provide financial and other forms of assistance for the benefit of other healthcare facilities affiliated with Verity. This meant supporting other healthcare providers in their missions, contributing to a broader network of healthcare services in the community. Overall, St. Vincent Medical Center Howard B. Grobstein Liquidating Trustee was dedicated to improving healthcare services, research, and community health.
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Impact
October, 2024
The St. Vincent Medical Center Howard B Grobstein Liquidating Trustee has a significant impact as it oversees the winding down and dissolution of the former St. Vincent Medical Center, which ceased operations in January 2020. This organization was initially established to provide acute care hospital services and promote healthcare research, community health initiatives, and support for other affiliated healthcare facilities.
After the hospital's closure, the liquidating trustee is tasked with managing the remaining assets and ensuring the orderly transition of resources. The sale of the hospital's assets to Dr. Patrick Soon-Shiong in April 2020 marked a crucial point, as it shifted the focus toward asset management and distribution aimed at fulfilling any outstanding obligations.
The ongoing process aims to preserve the legacy of the hospital's contributions to the community's health while ensuring that remaining assets are utilized effectively, potentially benefiting other healthcare initiatives. This transition is vital for maintaining community health resources and ensuring that the void left by the hospital's closure is addressed, ultimately influencing the future landscape of healthcare services in Woodland Hills and surrounding areas.
This information is meant to be a general summary of St Vincent Medical Center Howard B Grobstein Liquidating Trustee. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $1,242,140
- Total Liabilities: $0
- Net Assets: $1,242,140
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Organization Details
Founding Year
2001
Phone
(818) 532-1020Principal Officer
Howard B Grobstein
Main Address
6300 CANOGA AVENUE 1500W, WOODLAND HILLS, CA, 91367
NTEE Category
Code: E21 - Health
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