Roxborough Memorial Hospital in Philadelphia and Lower Bucks Hospital in Bristol, Pa., will become nonprofit through assumed ownership and operation by the Prime Healthcare Foundation, a 501(c)(3) public charity, according to a Prime Healthcare May 20 news release.
Prime Healthcare’s other hospital in the state, East Norriton, Pa.-based Suburban Community Hospital, will also come under the foundation’s ownership. “This will improve care coordination between the three facilities and aligns with statewide policy initiatives regarding not-for-profit ownership,” the release said.
Prime Healthcare Foundation comprises 14 hospitals across California, Texas, Ohio, Georgia, Pennsylvania and Rhode Island. It has more than $1.3 billion in assets and gives over $3 billion in charity care, according to the release.
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