PORTLAND, Ore.-Brim has secured a $40 million line of credit from Key Bank of Oregon that is earmarked for acquisitions. "This is a major step in fulfilling our strategy for growth and expansion," said K. David McAllister, Brim's senior vice president of finance. Following a capital infusion of $9.6 million by GE Capital in 1993, the credit line will "continue a pattern of Brim acquisitions," the company said. Brim, a healthcare management and development firm with offices in eight states, last year acquired a community hospital in California and four retirement communities. It also expanded a hospital in Colorado and constructed surgery centers in Arizona and California. Key Bank is an affiliate of KeyCorp, a bank holding company headquartered in Cleveland. KeyCorp's healthcare banking business has invested $1.3 billion in the healthcare industry.
WICKENBURG, Ariz.-Wickenburg Community Hospital and Nursing Home has signed a 10-year partnership agreement with Phoenix-based Samaritan Health System. Financial terms of the agreement weren't released. The deal allows Samaritan to add Wickenburg to the roster of participating providers in its managed-care plan, Samaritan Health Plan. Wickenburg, in turn, will have access to primary-care physicians and medical specialists who practice in Samaritan's seven-hospital system. Samaritan also agreed not to duplicate any services currently offered to patients at the 23-bed community hospital and nursing home. Services not covered at the Wickenburg hospital will be provided by Thunderbird Samaritan Medical Center in Glendale, Ariz. A Samaritan spokeswoman said the deal will improve the quality of healthcare services in the Wickenburg community, a tourist town located 55 miles from Phoenix that is home to some 5,000 residents.
PHOENIX-William Murray has been named senior vice president of OrNda HealthCorp's Arizona region. Murray had been chief executive officer at St. Luke's Health System in Phoenix. He will oversee OrNda's Arizona market, which includes six hospitals and other healthcare services in Mesa, Phoenix, Tempe and Tucson. Nashville, Tenn.-based OrNda is the nation's fourth-largest investor-owned hospital chain.