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Prime Healthcare Services Acquires MedCath's Interest in Texas Hospital

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ONTARIO, Calif., Dec. 1, 2011 /PRNewswire/ -- Prime Healthcare Services announced today that it has acquired MedCath Corporation's interests in Harlingen Medical Center. The Medical Center is an award-winning 112-bed acute care hospital located in Harlingen, Texas.

"We are pleased to have completed this transaction with MedCath and look forward to working with our new partners to improve the already excellent care provided at Harlingen Medical Center.  Prime Healthcare's hospitals are physician driven and patient focused, and we look forward to continue the strong relationships with the local physicians and community that have been developed at the Medical Center over the past 10 years," said Prem Reddy, M.D., FACC, FCCP, Chairman of Prime Healthcare Services. "This is our first foray outside of California and into Texas, a business-friendly state, and we believe it will be a successful one."

Since it opened in October 2002, Harlingen Medical Center has been recognized as a leader in cardiovascular care. The Medical Center has won numerous commendations, including the "100 Top Hospitals: Cardiovascular Benchmarks Award" in 2009 and 2008 by Thomson Reuters. This accolade was given to the Medical Center for its ability to set the highest national performance levels for both clinical and managerial excellence.

"We are excited to be part of Prime Healthcare, a Top 10 Hospital System in the Nation," said Hugo Blake, M.D., FACC, FCCP, Chief of Staff and Medical Director and a leading cardiologist in the community. "All physicians in the community are excited about Prime Healthcare's arrival in Texas."

Prime Healthcare Services

Ontario, CA-based Prime Healthcare Services, recognized as one of the top 10 health systems in the country, is a progressive, innovative and rapidly expanding hospital management company with a mission to provide comprehensive quality healthcare in a compassionate, convenient and cost-effective manner.

With over 10,000 employees, Prime Healthcare Services currently owns and/or operates 12 acute care facilities: Alvarado Hospital Medical Center, Centinela Hospital Medical Center, Chino Valley Medical Center, Desert Valley Hospital, Garden Grove Hospital Medical Center, Huntington Beach Hospital, La Palma Intercommunity Hospital, Paradise Valley Hospital, San Dimas Community Hospital, Shasta Regional Medical Center, Sherman Oaks Hospital, and West Anaheim Medical Center. 

Nine of these hospitals are accredited by Joint Commission and seven of the nine hospitals were recently recognized as Top Performers in the Nation (Top 14%) on Key Quality Measures by Joint Commission, a Medicare accreditation agency.

Prime Healthcare Services Foundation

The Foundation is a nonprofit public charity that was founded by Dr. Prem Reddy and his family reflecting their commitment to give back to the communities that they serve.

The Foundation owns and operates two nonprofit hospitals, Encino Hospital Medical Center and Montclair Hospital Medical Center (a Top 100 Hospital in the Nation in 2009), and is governed by an independent Board of Directors.  Both hospitals were recently recognized as Top Performers in the Nation (Top 14%) on Key Quality Measures by Joint Commission, a Medicare accreditation agency.

 

SOURCE Prime Healthcare Services



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