Loma Linda University Medical Center-Murrieta (LLUMC-M) has officially changed its status as 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,” said hospital CEO, Richard Rawson. “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 a dream of a group of dedicated physicians and members of the community. Together, after forming the corporation Physicians Hospital of Murrieta (PHM), LLC, which has 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.
LLUMC CEO and Chairperson for LLUMC-Murrieta, Ruthita Fike, said, “Becoming a “not-for-profit” organization was the next important step to continue our on-going growth and development in the community. We are looking forward to a bright future for this campus as it grows and adds new services.”