Prime announced the potential purchase — its second in Pennsylvania — in August.
According to the deal, Prime will maintain all services — including the emergency department — of Lower Bucks Hospital, invest at least $10 million for needed capital improvements and hire all employees as well as maintain collective bargaining agreements. Prime will also form a local governing board with medical staff and community leaders, assume all healthcare contracts and liabilities and maintain the same level of charity care for indigent and low-income patients going forward, according to the release.
More Articles on Prime Healthcare Purchases:
Prime Healthcare to Buy Lower Bucks Hospital in Pennsylvania
Prime Healthcare Signs Deal With Landmark Medical Center
Prime Healthcare Services Acquires Dallas Medical Center
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
