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November 11, 2014

Prime Healthcare Services to acquire 177-bed hospital in Nevada, US

US-based IASIS Healthcare has signed an agreement to sell its North Vista Hospital to Prime Healthcare Services.

US-based IASIS Healthcare has signed an agreement to sell its North Vista Hospital to Prime Healthcare Services.

Terms of the transaction were not disclosed.

Located in North Las Vegas, Nevada, US, the 177-bed acute care hospital offers healthcare services, including emergency care, heart care, advanced surgical procedures and diagnostic imaging.

IASIS Healthcare president Carl Whitmer said: "North Vista has been part of the North Las Vegas community since 1959 and a part of the IASIS family since early 2004.

"The 177-bed acute care hospital offers healthcare services, including emergency care, heart care, advanced surgical procedures and diagnostic imaging."

"As we continue to execute on both short and long term growth initiatives in our core markets and at Health Choice, our managed care solutions business, the right move for IASIS was to find a healthcare provider that desired to grow its footprint in Nevada to own and operate North Vista."

The transaction is expected to be completed by the end of 2014, and is subject to customary closing conditions.

Last week, Prime Healthcare signed an agreement to acquire Riverview Regional Medical Center and related outpatient services from Community Health Systems.

Prime Healthcare Services will acquire all the assets from the 281-bed hospital, located in Gadsden, Alabama, US.

IASIS Healthcare owns and operates 16 acute care hospitals and 137 physician clinics. It reports an annual net revenue of $2.5bn.

Based in California, Prime Healthcare is a hospital system that operates 29 acute care hospitals in nine states of the US.

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