Prime will acquire all of Saint Clare’s assets except the Saint Clare’s Foundation, and it intends to rehire all current employees and maintain current charity care policies. The transaction is scheduled for completion by early fall this year. Financial details of the transaction were not disclosed.
Prime has been ramping up its efforts to expand its network in New Jersey and throughout the Northeast, beating out Philadelphia-based Hudson Holdco for the purchase of three-hospital St. Clare’s.
More Articles on Hospital Asset Purchases:
7 Recent Hospital Mergers and Acquisitions
Pioneer Health Services to Acquire Scott County Hospital
Court Halts North Kansas City Hospital Sale During Pending Lawsuit
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
