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New Jersey hospital hopes bankruptcy will expedite sale to Prime

By Beth Kutscher  |  August 12, 2015

St. Michael's Medical Center, a Trinity Health hospital in Newark, N.J., filed for bankruptcy protection this week. The hospital has been waiting since February 2013 for the state to approve its controversial deal with Prime Healthcare Services.

Capella sale to REIT shows hospitals seek to monetize real estate

Capella sale to REIT shows hospitals seek to monetize real estate

By Beth Kutscher  |  August 01, 2015

The sale of Capella Healthcare to a real estate investment trust heralds more deals to come between hospital operating companies and REITs as more providers realize it's time to cash in on their rich real estate portfolios, analysts say.

Prime issues $700 million in debt as growth continues

By Beth Kutscher  |  July 20, 2015

Prime Healthcare Services is shoring up its balance sheet for more takeovers. The Ontario, Calif.-based company plans to issue $700 million in new debt that will fund previously announced deals.

Daughters of Charity gets $250M lifeline from private-equity firm

Daughters of Charity gets $250M lifeline from private-equity firm

By Beth Kutscher  |  July 17, 2015

Daughters of Charity Health System, the six-hospital California group that has been struggling to stay solvent, has entered into a deal with private-equity firm BlueMountain Capital Management that will provide a $250 million capital injection.

Court approves sale of N.J. system to Prime

By Modern Healthcare  |  June 27, 2015

A New Jersey court gave final regulatory clearance for the sale of three-hospital St. Clare's Health System, Denville, N.J., to for-profit hospital chain Prime Healthcare Services.

HCA, still No. 1 in revenue, bides time on big deals

By Michael Sandler  |  April 18, 2015

HCA once again leveraged its sheer size and organic growth strategy to maintain its position as the largest for-profit hospital chain in the country, according to Modern Healthcare's latest By the Numbers list.

Daughters CEO upbeat after Prime nixes acquisition deal

Daughters CEO upbeat after Prime nixes acquisition deal

By Beth Kutscher  |  March 14, 2015

The Daughters of Charity Health System in Northern California is seeing new interest from potential suitors after Prime Healthcare Services walked away from its controversial deal to acquire the six-hospital system.

Daughters CEO upbeat after Prime pulls out of acquisition deal

By Beth Kutscher  |  March 12, 2015

The Daughters of Charity Health System in Northern California is seeing new interest from potential suitors after Prime Healthcare Services walked away from its controversial deal to acquire the six-hospital system.

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