Healthcare Business News

Prime Healthcare acquires Dallas Medical Center

By Beth Kutscher
Posted: September 26, 2012 - 6:45 pm ET

Prime Healthcare Services, Ontario, Calif., has continued its acquisition spree, this time further extending its presence in Texas.

The for-profit system said today it has acquired 89-bed Dallas Medical Center, an acute-care facility in the suburb of Farmers Branch. It is Prime's third hospital in the state; the chain also has medical centers in Pampa and Harlingen.

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Dallas Medical Center has more than 200 physicians and 250 full-time employees, according to a news release. Financial terms were not disclosed.

Physician Synergy Group, Irving, Texas, previously managed the hospital; the physician-owned group allows medical professionals to gain equity in healthcare facilities.

Already this year Prime has completed acquisitions for three hospitals, including the Pampa facility, and signed another deal to purchase its second hospital in Pennsylvania.

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