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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.

Prime Healthcare nixes Daughters of Charity deal

Prime Healthcare nixes Daughters of Charity deal

By Beth Kutscher  |  March 10, 2015

Prime Healthcare Services is abandoning its bid for Daughters of Charity Health System, citing “onerous and unprecedented conditions” from the California attorney general.

Prime Healthcare to buy Philadelphia-area hospital from Trinity Health

By Beth Kutscher  |  March 02, 2015

Prime Healthcare Services has entered into an agreement to buy 126-bed Mercy Suburban Hospital, which is located in the Philadelphia suburb of East Norriton. The hospital is part of Mercy Health System, which became part of Trinity through its 2013 merger with Catholic Health East.

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