St. Michael's Medical Center in Newark, N.J., has backed a bid from Prime Healthcare Services to be bought out of bankruptcy from its current owner, Trinity Health.
Prime Healthcare Services is suing California Attorney General Kamala Harris over the hefty conditions that she imposed on the proposed sale of Daughters of Charity Health System.
Community Health Systems is selling one of its hospitals in Florida to Prime Healthcare Services.
Prime Healthcare Services is suing California Attorney General Kamala Harris for the hefty conditions that she imposed on the sale of Daughters of Charity Health System.
Community Health Systems, Franklin, Tenn., is selling 88-bed Lehigh Regional Medical Center in Lehigh Acres, Fla., to Prime Healthcare Services.
Trinity Health, one of the nation's largest health systems, closed on a deal to sell a Michigan hospital to Prime Healthcare Services under a strategy to shed struggling hospitals.
St. Michael's Medical Center in Newark, N.J., hopes its bankruptcy filing last week will ease the way for a sale to for-profit Prime Healthcare Services.
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.
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 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 Health System, the six-hospital organization that has been struggling to stay solvent, last week entered into a deal with private equity firm BlueMountain Capital Management that will provide a $250 million capital injection.
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.