Attorney General Approves Prime Healthcare Services
Press Release; February 27, 2007.February 27, 2007 (National City, CA) – The Office of Attorney General of the State of California yesterday approved the acquisition of Paradise Valley Hospital (PVH), a 301-bed acute care facility located in National City, CA by Prime Healthcare Services, Inc. (PHS) from Adventist Health.
PHS, a for-profit hospital management company, which owns and operates seven acute care facilities in Southern California has agreed to meet a number of conditions outlined by the Attorney General upon which the transaction is predicated. These include a commitment to continue the operations of the hospital, to maintain the entire existing patient care services including the Emergency Department and to continue the current levels of charity care at the hospital. PHS will maintain current behavioral health services at both the PVH and Bayview campuses. Substantially all of the employees will be offered employment by the new owner.
“Adventist Health has taken the most responsible action available by transferring PVH to a new owner who will continue its operations and invest in its future,” stated Robert Carmen, executive vice-president for Adventist Health and Chairman of the PVH Board. “We believe Prime Healthcare Services will best preserve the delivery of health care services for the community.”
“PHS will face with enthusiasm and vigor the challenges of turning around the losing operations of the hospital with its proven physician-driven and patient-focused medical management protocols,” said Prem Reddy, MD, FACC, Chairman of the Board of PHS. “We will invest the necessary capital to improve the healthcare delivery in the underserved and underprivileged communities of National City and the surrounding South Bay area of San Diego County.”
In keeping with its mission, Adventist Health has agreed to give $3 million to a specially created fund to be held by the San Diego Foundation. In addition, Adventist Health intends to maintain its presence in the community by continuing to operate home care services in Bonita and further develop plans with Generations, Inc. for Paradise Village, a senior living community adjacent to Paradise Valley Hospital.
Prime Healthcare Services, Inc. is a progressive, innovative and rapidly expanding hospital management company in Southern California. With over 5,000 employees, PHS currently owns and operates seven acute care facilities in Southern California; Desert Valley Hospital in Victorville, Chino Valley Medical Center in Chino, Sherman Oaks Hospital and the Grossman Burn Center in Sherman Oaks, Montclair Hospital Medical Center in Montclair, Huntington Beach Hospital in Huntington Beach, La Palma Intercommunity Hospital in La Palma and West Anaheim Medical Center in Anaheim, California. Desert Valley Hospital received an unprecedented accreditation with “commendation” from JCAHO in its first year of operation and has been ranked Nationally as a “Top 100 Hospital” by Solucient and Modern Healthcare Magazine, in both 2003 and 2005. PHS’ motto is to provide comprehensive quality healthcare in a compassionate, convenient and cost-effective manner. For more information, visit www.primehealthcareservices.com.
Adventist Health is a not-for-profit, faith-based health system operating in California, Hawaii, Oregon and Washington. Founded on the Seventh-day Adventist heritage of Christian health care, Adventist Health is comprised of 20 hospitals with more than 3,100 beds, 19,000 employees, numerous clinics and outpatient facilities, 16 home care agencies and three joint-venture retirement centers. For more information, visit www.adventisthealth.org.