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
