Prime Healthcare Services Acquires Roxborough Memorial Hospital from Solis Healthcare

ONTARIO, Calif., Feb. 22, 2012 /PRNewswire/ -- Prime Healthcare Services announced today that it has acquired Roxborough Memorial Hospital, located in Philadelphia, Pennsylvania, from Solis Healthcare. Roxborough Memorial is an award-winning 140-bed acute care hospital that serves the healthcare needs of residents in Roxborough, Manayunk, East Falls and the surrounding areas of Northwest Philadelphia and Montgomery County.

"We look forward to improving the already excellent care provided at Roxborough Memorial Hospital and continuing the strong relationships with the local physicians and community," said Prem Reddy, M.D., FACC, FCCP, Chairman of Prime Healthcare Services. "I'm especially pleased to be associated with the residency programs and school of nursing and plan to continue their admirable and important work."

In a "Best in Value" study of 1,500 hospitals in the country's 100 largest cities conducted by Data Advantage, Roxborough Memorial Hospital was rated first among 35 general acute care hospitals in the Philadelphia market and among the top 100 nationally. It is a fully licensed acute care facility, accredited by the Joint Commission, the leading accreditation organization in the country.  Like many other stand alone community hospitals across the country, Roxborough Memorial Hospital requires the financial resources of a larger system like Prime Healthcare to ensure its survival for years to come.

"As one of the top 15 hospital systems in the nation, Prime Healthcare is the right partner for Roxborough Memorial Hospital," said Robert G. Souaid, President and Chief Executive Officer of Solis Healthcare. "With Prime Healthcare's expertise, the hospital will continue its focus on community hospital-based healthcare delivery, and its commitment to excellence."

Roxborough Memorial supports the nationally recognized Roxborough Podiatric Medicine and Surgery Program, the Roxborough Graduate Medical Education Program, which is affiliated with the Philadelphia College of Osteopathic Medicine, and the Roxborough School of Nursing. In 2010, the nursing school achieved a 100 percent pass rate on the National Council Licensure Examination for Registered Nurses, the only program in Eastern Pennsylvania to achieve this distinction.

Prime Healthcare Services

Ontario, CA-based Prime Healthcare Services, recognized in 2012 as a "Top 15 Health System in the Nation," is a progressive, innovative and rapidly expanding hospital management company with a mission to provide comprehensive quality health care in a compassionate, convenient and cost-effective manner. Prime Healthcare Services has been nationally recognized as a top health system twice in four years.

With over 11,000 employees, Prime Healthcare Services through its subsidiaries currently owns and/or manages 15 acute care facilities: Alvarado Hospital Medical Center, Centinela Hospital Medical Center, Chino Valley Medical Center, Desert Valley Hospital, Encino Hospital Medical Center, Garden Grove Hospital Medical Center, Huntington Beach Hospital, La Palma Intercommunity Hospital, Montclair Hospital Medical Center, Paradise Valley Hospital, San Dimas Community Hospital, Shasta Regional Medical Center, Sherman Oaks Hospital, West Anaheim Medical Center, all in California, and Harlingen Medical Center, which is located in Texas.

Eleven of the hospitals are accredited by Joint Commission, and nine earned national recognition as "Top Performer," (Top 14%), on Key Quality Measures in 2011 by Joint Commission, the leading accreditation organization in the country.

Roxborough Memorial Hospital

Roxborough Memorial Hospital is a vibrant 140-bed community hospital that is committed to providing the best care and the most current medical technology available for its patients. In a "Best in Value" study of 1,500 hospitals in the country's 100 largest cities conducted by Data Advantage, Roxborough Memorial was rated first among 35 general acute care hospitals in the Philadelphia market and among the top 100 nationally.

SOURCE Prime Healthcare Services