Under the agreement, Prime will acquire St. Joseph Medical Center in Kansas City and St. Mary’s Medical Center in Blue Springs, Mo. Prime will also acquire three Carondelet Health long-term care facilities.
“Prime Healthcare understands the value these hospitals bring to their communities, and we intend to help the hospitals provide residents with the high quality healthcare they deserve,” said Prem Reddy, MD, president and CEO of Prime.
Financial terms of the acquisition have not been disclosed.
The acquisition is the second major transaction Prime has entered into recently. Last week, Daughters of Charity Health System — a six-hospital network based in Los Altos Hill, Calif. — agreed to sell six hospitals to Prime.
More articles on healthcare industry transactions:
Maui Memorial Medical Center in partnership talks with Kaiser Permanente Hawaii, Hawaii Pacific Health
CHS to sell its interest in Carolina Pines Regional Medical Center to Capella Healthcare
Baptist Health South Florida signs affiliation agreement with Bethesda Health
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
