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Prime Healthcare Pledges $44M to Upgrade St. Mary's Hospital

Ontario, Calif.-based hospital chain Prime Healthcare Services offered to invest nearly $44 million into upgrades of St. Mary's Hospital in Passaic, N.J., if regulators approve its acquisition of the hospital, according to a report by The Record.

Among the proposed upgrades were $19 million to technology and electronic health records systems, more than $5 million on radiology services and $4.2 million on elevators, according to the report. Those investments would be in addition to the $25 million the for-profit chain offered to pay for St. Mary's, which is $39 million in debt, according to the report.

Labor unions representing St. Mary's and St. Michael's Medical Center in Newark, N.J., hope to block Prime's purchase, as they did successfully last year against the sale of Christ Hospital in Jersey City, N.J. to Prime.

More Articles on Hospital Sales:

Sale of Providence, St. John Hospitals to Prime Healthcare Under Review By Kansas AG
Progressive Acute Care Buys Dauterive Hospital in Louisiana
Court Halts North Kansas City Hospital Sale During Pending Lawsuit

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