Loma Linda University Medical Center – Murrieta, located near Temecula, California, has officially changed its status from a “for profit” organization to “not-for-profit.” The change was effective January 1, 2013, and has no direct impact on day-to-day operations.
“We are excited about this new development in our history,” says Richard Rawson, MBA, hospital CEO. “This new status will give us the opportunity to become more deeply engaged with our community through charitable program development, auxiliary work, guilds, and our volunteer programs.”
This change in status means that profits generated by LLUMC – Murrieta will be redirected into the Murrieta community in the form of added services, outreach, and philanthropic activities.
Loma Linda University Medical Center – Murrieta started as the dream of a group of dedicated physicians and members of the community. Together, after forming the corporation Physicians Hospital of Murrieta (PHM), LLC, which had a for profit status, they raised the needed funds to start the project.
In 2007, Loma Linda University Medical Center became a partner in the joint venture, and in 2011 federal legislation made it necessary for LLUMC to become the sole owner of the Murrieta facility.
“Becoming a not-for-profit organization was the next important step to continue our ongoing growth and development in the community,” says Ruthita Fike, MA, CEO of Loma Linda University Medical Center and chair of the LLUMC – Murrieta Board. “We are looking forward to a bright future for this campus as it grows and adds new services.”