Prime Healthcare Services, Victorville, Calif., announced a Los Angeles-area hospital deal as one of its former targets, 224-bed Anaheim (Calif.) Memorial Medical Center, announced a new suitor.
Prime, owned by physician Prem Reddy, said it has acquired 369-bed Centinela Hospital Medical Center, Inglewood, Calif., from for-profit Centinela Freeman HealthSystem. Centinela Freeman was formed to buy three hospitals in the area from Tenet Healthcare Corp., Dallas, in 2004. The system will continue to operate the campus in Marina del Rey, Calif., and also will retain ownership of the Memorial campus in Inglewood. The acute-care services at the Memorial campus were in the process of being shifted to the Centinela campus, and that process is expected to continue, Centinela Freeman spokeswoman Deborah Ettinger said.
Meanwhile, Anaheim Memorials parent company, Memorial Health Services, announced that it has agreed to sell the hospital to Integrated Healthcare Holdings, Costa Mesa, Calif., for $68 million and a capital commitment of nearly $28.8 million. Primes $55 million bid to buy the hospital ended in July, when the California attorney generals office denied approval for the sale and conversion of the hospital into a for-profit. Privately held Integrated will need to secure the approval of the attorney general. For Integrated, the hospital would be its fifth in Orange County, Calif. Integrated owns and operates four hospitals that it bought from Tenet in 2004. -- by Vince Galloro
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