LOS ANGELES, July 25 (Reuters) - Prospect Medical Holdings Inc (PMHX.OB: Quote, Profile, Research) said it reached an agreement to buy Alta HealthCare System Inc (PZZ.A: Quote, Profile, Research) for about $104 million.

Under terms of the deal, Prospect Medical, which manages medical care for about 250,000 people enrolled in southern California health management organizations, will pay half in cash and the rest in shares.

Alta is a private, for-profit hospital management company, according to the press release.

Prospect Medical to buy Alta Healthcare | News | Mergers/Acquisitions | Reuters


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