LOS ANGELES — Downey Regional Medical Center, a non-profit hospital located in greater Los Angeles, is close to reaching an agreement with Avanti Health Systems LLC that would enable it to exit Chapter 11 bankruptcy and make its bondholders whole.

Downey had been talking to several potential financial partners, but resumed negotiations with Avanti when a deal with RCB Equities #1 LLC fell through in October, said Robert Fuller, the hospital's executive vice president and chief operating officer.

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