Ontario, Calif.-based Prime Healthcare Services is now the lender for bankrupt Hawaii Medical Center and may also take over the operations of the hospital, according to a Pacific Business News report.
On Monday, Prime replaced MidCap Financial as the lender in HMC’s Chapter 11 bankruptcy reorganization. The center has two campuses in Honolulu and Ewa Beach.
Mark Bradshaw, JD, of Irvine, Calif.-based law firm Shulman Hodges & Bastian LLP, said Prime is working towards a sale transaction to head operations at HMC, according to the report.
In his statement, Mr. Bradshaw said, “We are pleased to have been able to assist Prime in the loan sale process and look forward to working on a sale transaction whereby Prime can operate Hawaii Medical Center and improve the quality of patient care in Hawaii,” according to the report.
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