US-based hospital management firm Prime Healthcare Services has acquired Garden City Hospital located in Michigan, US.
The firm has revealed plans to invest nearly $35m in infrastructure and capital improvements at the hospital, beyond routine replacements and additions.
Prime Healthcare will also continue to provide charity care at the existing level or better, while maintaining a local governing board.
Prime Healthcare chairman, president and CEO Prem Reddy commented: "Prime Healthcare’s motto is ‘Saving Hospitals, Saving Jobs and Saving Lives’, and we are confident the hospital will emerge stronger from this transition."
Garden City Hospital chief medical officer and chief of staff H. Rex Ruettinger said: "I believe that our affiliation will empower our hospital and staff to provide state-of-the-art health care to our patients and community for the foreseeable future."
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Built in 1960, the 323-licensed bed Garden City Hospital is one of Michigan’s few remaining independent community hospitals, providing healthcare services to local residents.
Prime Healthcare previously signed an agreement with Varian Medical Systems in June 2014 to enhance its hospitals’ radiotherapy and radiosurgery cancer treatment capabilities.
In May 2014, the company acquired the 128-bed East Valley Hospital Medical Center located at Glendora in California. This acute care hospital will be renamed Glendora Community Hospital.
Through their subsidiaries, Prime Healthcare Services and the non-profit Prime Healthcare Foundation own and operate 27 hospitals across six states in the US.