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Prime Healthcare Services to Purchase St. Mary's Hospital

St. Mary's Hospital in Passaic, N.J., and Ontario, Calif.-based Prime Healthcare Services have reached an agreement for Prime Healthcare to purchase St. Mary's.

According to the release, Prime Healthcare will make a significant investment in order to financially stabilize St. Mary's, allowing it to continue its mission to serve individuals living in Passaic and the surrounding communities.

However, the purchase must be approved by the New Jersey Department of Health as well as the state's Attorney General before it is final.

More Articles on Hospital Acquisitions:

4 Tips for Hospital Merger & Acquisition Success
UCSF Medical Center and Children's Hospital & Research Center Oakland Sign Letter of Intent
Vanguard Health Systems, Bristol Hospital Sign Letter Of Intent for Acquisition

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