The application includes the definitive agreement DCHS and Prime entered into. Under the agreement, Prime has committed to invest at least $150 million into DCHS facilities.
“Our sale to Prime will strengthen the DCHS health facilities by bringing them into a large, well-resourced hospital system offering economies of scale, turn-around experience and committed capital,” said Robert Issai, president and CEO of DCHS.
Since DCHS announced it would sell its facilities to Prime, the transaction has been opposed by SEIU-United Healthcare Workers West. The union is even backing a class-action lawsuit against DCHS that alleges violations of federal pension law.
More articles on healthcare industry transactions:
Lancaster General Health, UPenn Health System exploring stronger ties
Mercy Health System, Rockford Health System to merge
