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February 2, 2016

Prime Healthcare acquires four acute care community hospitals in the US

US-based Prime Healthcare Services has completed the acquisition of four acute care hospitals and affiliated entities, growing its network to 42 hospitals in 14 states throughout the country.

US-based Prime Healthcare Services has completed the acquisition of four acute care hospitals and affiliated entities, growing its network to 42 hospitals in 14 states throughout the country.

Prime acquired 88-bed Lehigh Regional Medical Center in Lehigh Acres, Florida, 331-bed Southern Regional Medical Center in Riverdale, Georgia, 153-bed Suburban Community Hospital in East Norriton, Pennsylvania and 152-bed River Valley Health Partners (RVHP) in East Liverpool, Ohio.

Over the next five years, Prime has committed more than $80m to capital improvements at the four hospitals.

Prime Healthcare Services president Prem Reddy said: "Prime Healthcare believes that quality health care should be part of every community, and it is our privilege to collaborate with the physicians, nurses and employees at these facilities to ensure the best care for the patients they serve.

"Prime Healthcare hospitals are consistently ranked among the best hospitals in the nation, and we have no doubt that these facilities will continue that legacy."

Prime Healthcare Foundation, the nonprofit affiliate of Prime Healthcare, acquired Southern Regional Medical Center, RVHP and Suburban Community Hospital and they will remain nonprofit facilities.

"We are confident that these new members of the Prime Healthcare family of hospitals will maintain high standards for quality care that are sustainable for the long term."

Recently, Prime secured $700m in financing from Wells Fargo Bank and Barclays Bank that will be used to strengthen the organisation and fund acquisitions.

Southern Regional Medical Center operates a certified primary Stroke Center, an accredited Chest Pain Center, and one of the busiest emergency departments in the region.

RVHP is comprised of East Liverpool City Hospital, River Valley Physicians, LLC, comprised of eight primary care and specialty offices and Ohio Valley Home Health Services.

Suburban Community Hospital (formerly Mercy Suburban Hospital) is certified as a primary Stroke Center and will serve the community through its 30- room emergency department and other services, including bariatrics, cancer care and cardiac rehabilitation.

Lehigh Regional Medical Center will remain for-profit as a member of Prime Healthcare Services. It serves Lehigh Acres and surrounding areas with a 12-bed emergency services department and other key service lines, including orthopedics and cardiology.

Prime Healthcare division II operations president Luis Leon said: "We are confident that these new members of the Prime Healthcare family of hospitals will maintain high standards for quality care that are sustainable for the long term.

"Being part of a large health system allows patients to have access to the highest quality of care and services, and we are excited to be able to provide this to our new communities in Florida, Georgia, Ohio and Pennsylvania."

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