City Council Approves Permanent Lease With Community Hospital OperatorRelease Date: 2019-10-21
By Denny Cristales
The Long Beach City Council unanimously voted Tuesday, October 15, to approve a permanent lease and cost-sharing agreement between the City of Long Beach and the selected operator for Community Hospital Long Beach – Molina, Wu, Network, LLC (MWN).
The time period for the lease agreement is 45 years, in addition to two optional 10-year extensions, Long Beach Economic Development Director John Keisler explained during a presentation to the city council. The rent is $1 per year, but MWN will pay the city additional rent equal to 20% of the hospital’s net profits during the first five years of the agreement, Keisler said.
The City of Long Beach is the landlord of the Community Hospital property, which includes the hospital facility at 1720 Termino Ave., a physician medical building at 1760 Termino Ave. and a magnetic resonance imaging center at 4111 E. Wilton St.
Per the agreement, MWN must operate an acute-care hospital and other health care facilities, including a medical office building and emergency services, at the site. Keisler said MWN will sublease a portion of the facility to the Long Beach Police Department’s Sexual Assault Response Team (SART), a public safety group of medical experts that address crimes related to sexual assault.\
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