The sale is expected to occur by May 31. The negotiated price is not being released by the parties involved at this time, however; in January, Universal paid a combined $120 million for those two properties as well as a third, the 228-bed Corona Regional Medical Center in Corona, CA, according to SEC filings.

The hospitals were purchased out of bankruptcy from Vista Health System, which ran the properties as nonprofit operations, according to the filings. The combined annual net revenue of the two hospitals sold to Catholic Healthcare West is approximately $80 million.

Universal Health Services Inc. is one of the nation's largest hospital companies, operating acute care and behavioral health hospitals, ambulatory and radiation centers nationwide, Puerto Rico and in France. It acts as the advisor to Universal Health Realty Income Trust.