Here’s another one for Prime and as we all pretty much know, Prime buys hospitals in financial stress and has been doing that for a few years now and it all began in California where the company is located. Prime Healthcare Services also acquired Garden City Hospital in Garden City, Michigan, earlier this year.
In California the future of 6 Catholic hospitals that were dumped by Ascension earlier this year is hanging on Prime being able to buy them as that’s their only offer. BD
Another Port Huron hospital is changing hands.
Prime Healthcare Services, of Ontario, California, will purchase St. Joseph Mercy Port Huron.
St. Joseph Mercy Health System and its parent company, Trinity Health, announced the "definitive agreement" with Prime Healthcare Thursday morning.
The announcement comes about six months after McLaren Health System finalized its purchase of Port Huron Hospital, now known as McLaren Port Huron.
"Over the years, we have been talking to various parties on how best to meet the needs of the Port Huron community and this opportunity came up when Prime Healthcare approached us," said Garry Faja, president and chief executive officer of St. Joseph Mercy Health System Southeast Michigan.
Cottengim said the sale of the hospital will include St. Joseph Mercy Health System's interests in the Lakeshore Surgery Center, Advanced MRI and the hospital's subsidiaries and joint venture affiliates such as Tri-Hospital EMS, Mercy PHO, and Mercy Physician Partners.