Prime Healthcare Services Intends to Continue Managed Care Contracts at San Dimas & Garden Grove Hospitals
Posted on: Friday, 6 June 2008, 15:00 CDT
Prime Healthcare Services entered into agreement to acquire from Tenet Healthcare Corp. (Tenet), 167-bed Garden Grove hospital Medical Center and 64-bed San Dimas Community Hospital. The Garden Grove & San Dimas transactions are subject to customary, regulatory approval and are expected to be completed in approximately sixty days.
Following the recent due diligence performed on these two hospitals, Prime Healthcare intends to keep the managed care contracts that are currently in effect, provided the health plans agree to the assignment of these contracts to Prime Healthcare's facilities.
"This gives an opportunity for Prime Healthcare to work with the managed care plans in improving the patient care outcomes that are cost-effective," said Prem Reddy, MD, FACC, FCCP, Prime Healthcare's Chairman of the Board. "The contract rates that are on par with Tenet's hospital network appear reasonable."
Prime Healthcare Services, Inc. is a progressive, innovative and rapidly expanding hospital management company in Southern California. With over 6,000 employees, Prime Healthcare currently owns and operates ten acute care facilities: Centinela Hospital Medical Center in Inglewood (370-beds), Chino Valley Medical Center in Chino (126-beds), Desert Valley Hospital in Victorville (83-beds), Encino Hospital Medical Center in Encino (151-beds), Huntington Beach Hospital in Huntington Beach (141-beds), La Palma Intercommunity Hospital in La Palma (131-beds), Montclair Hospital Medical Center in Montclair (102-beds), Paradise Valley Hospital in National City (301-beds), Sherman Oaks Hospital and the Grossman Burn Center in Sherman Oaks (153-beds) and West Anaheim Medical Center in Anaheim (219-beds) in California. Prime Healthcare's mission is to provide comprehensive quality healthcare in a compassionate, convenient and cost-effective manner. For more information, please visit www.primehealthcare.com.
Source: Business Wire
Related Articles
- Ottawa Regional Hospital and Healthcare Center Selects Allscripts to Automate and Connect Its Physician Offices, Emergency Department and Home Care Providers
- Skylight Healthcare Systems and Interactive Care Networks Deliver Breakthrough Technology and Patient Resources in Five Leading Hospitals
- CIGNA and Dartmouth-Hitchcock Launch ''Patient-Centered Medical Home'' Program to Provide Better Care Coordination
- NAMI Calls for Federal Investigation of Georgia State Hospitals: Deaths, Abuse, Neglect, Poor Medical Care Reported By Atlanta Journal-Constitution
- New Leadership, New Vision Mark New Threshold for Pain Treatment Center at Pittsburgh's Ohio Valley General Hospital
- HHS Completes Allocation of $75 Million for World Trade Center Medical Care
- Reimbursements Raised for Hospitals: County Agrees to Pay More for Medical Care for Indigent Patients
- Latest Technology Enhances Patient Experience at Family Medical Care Center
- Medical School Proposed: UC Merced Plan Could Improve Care in Valley
- COPD and Incident Cardiovascular Disease Hospitalizations and Mortality: Kaiser Permanente Medical Care Program*
 |
 |
User Comments (0)
RSS Feeds