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October 21, 2015

Prime Healthcare agrees to buy River Valley Health Partners

Prime Healthcare Foundation, a non-profit hospital system, has entered a definitive agreement to acquire River Valley Health Partners (RVHP).

Prime Healthcare Foundation, a non-profit hospital system, has entered a definitive agreement to acquire River Valley Health Partners (RVHP).

RVHP is comprised of the City Hospital Association, which conducts business as East Liverpool City Hospital (ELCH), a 152-bed acute care hospital, River Valley Physicians, comprised of eight primary care and specialty offices and Ohio Valley Home Health Services.

More than 115,000 people throughout the tri-state area of Ohio, West Virginia and Pennsylvania benefit by RVHP.

RVHP board of trustees chairman Pete Wicks said: "The mission of the Prime Healthcare Foundation matches with the long-term mission and vision of RVHP and we look forward to the future with great pride."

"Through our acquisition of RVHP, we look forward to partnering with physicians, nurses, employees and the community to preserve this invaluable healthcare institution."

The deal includes a commitment from Prime Healthcare Foundation to maintain inpatient services, strengthen physician recruitment, hire all employees, as well as provide a multimillion dollar capital commitment over the next five years.

Prime Healthcare Services president Prem Reddy said: "RVHP has provided high quality healthcare to the residents of East Liverpool for more than a century.

"Through our acquisition of RVHP, we look forward to partnering with physicians, nurses, employees and the community to preserve this invaluable healthcare institution for generations to come."

Pending regulatory review and closing conditions, the transaction is expected to be completed in the first quarter of next year.

Prime Healthcare Foundation operates seven hospitals in California and Texas, and it is affiliated with Prime Healthcare Services, a hospital system with 38 acute care hospitals providing more than 40,000 jobs in 11 states.

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