The Prime Story
The seeds of Prime Healthcare’s success were first sown in the High
Desert region of Southern California where
Dr. Prem Reddy began practicing medicine in the 1980s. It was there he built Prime Healthcare’s
flagship facility, Desert Valley Hospital, to serve the community.
Desert Valley Hospital was sold to another corporation for a few years,
and immediately began faltering. In 2001 Dr. Reddy formed Prime Healthcare
Services to re-purchase the hospital, rescuing it from bankruptcy and
setting the standard for quality healthcare that continues throughout
the hospital network to this day. Prime Healthcare's motto is "Saving
Hospitals, Saving Jobs, Saving Lives" which the company continues
to do as it grows.
From the lessons learned during the transformation of Desert Valley Hospital,
Prime Healthcare’s model was established and now leads to the rescue
and transformation of financially struggling community hospitals across
the country. Desert Valley Hospital has been recognized as a
Top 100 Hospital in the nation on numerous occasions.
Three years after the formation of Prime Healthcare, the company purchased
the second hospital in the family, Chino Valley Medical Center, when Dr.
Reddy was asked to save the hospital from bankruptcy. Growth continued
throughout the early 2000s, and in recent years has increased pace as
the shifting healthcare landscape endangered more and more small community
hospitals, threatening to close them without financial support. To date,
Prime has invested more than $1.1 billion in capital improvements for
its hospitals since 2005.
Prime Healthcare has expanded to 45 hospitals in 14 states across the
country. In recognition of our impressive growth and success, Prime Healthcare
has been named “The Fastest Growing Hospital System” in the
country by Modern Healthcare. Every hospital acquired in financial distress
has been transformed and none have been sold or closed. Our experienced
turnaround team has a record of success in finding operational efficiencies
and minimizing bureaucracy to create an efficient healthcare delivery
model. Our decentralized structure allows local leadership to make the
right choices for their community, while benefiting from corporate guidance
Read the turnaround stories of a few of Prime’s hospitals
See a complete timeline of Prime's history
A Brief Timeline of Prime Healthcare
Dr. Reddy builds Desert Valley Hospital, an 83-bed acute care hospital
in Victorville, California
Dr. Reddy founds Prime Healthcare Services, Inc. to repurchase Desert Valley
Hospital, which had been sold to another group
Prime Healthcare acquires its second hospital, Chino Valley Medical Center
Prime Healthcare earns “10 Top Health Systems” by Truven
Prime Healthcare completes first acquisition outside California with Harlingen
Medical Center in Texas
Prime Healthcare and the Prime Healthcare Foundation now own 45 hospitals
in 14 states.