Prime Healthcare Completes Purchase of Garden City Hospital

Ontario, Calif., July 1, 2014 – Prime Healthcare Services announced today that it has completed the acquisition of Garden City Hospital (GCH), located in Garden City, Michigan.

Prime Healthcare plans to invest at least $35 million in infrastructure and capital improvements beyond routine replacements and additions into Garden City Hospital. It will also continue to provide charity care at the existing level or better, as well as maintain a local governing board.

"We welcome Garden City Hospital into the Prime Healthcare family and intend to help continue its critical role in providing a healthcare safety net in Garden City and the surrounding communities," said Prem Reddy, M.D., FACC, FCCP, Chairman, President and CEO of Prime Healthcare Services. "Prime Healthcare's motto is 'Saving Hospitals, Saving Jobs and Saving Lives,' and we are confident the hospital will emerge stronger from this transition."

"On behalf of the Medical Staff of Garden City Hospital, I am extremely pleased to welcome our new partner in health care delivery, Prime Healthcare," said H. Rex Ruettinger, DO, FACOI, Chief of Staff, CMO, Garden City Hospital. "Prime Healthcare's investment in our community will serve to open a new and exciting chapter in our hospital's history. I believe that our affiliation will empower our hospital and staff to provide state-of-the-art health care to our patients and community for the foreseeable future.

Prime Healthcare, an award-winning health system, was nationally recognized in 2013 as one of the "15 Top Health Systems in the Nation" by Truven Health Analytics, based on quality of health care and patient satisfaction. It was the third time in the past six years the health system has earned the distinction. In addition, eight Prime Healthcare hospitals were ranked among the "100 Top Hospitals in the Nation" in 2014. Prime Healthcare hospitals have been similarly recognized 27 times since 2003.

Established in 1960, Garden City Hospital is one of Michigan's few remaining independent community hospitals. The hospital began with a pledge made by the six founding physicians in 1947 "to provide high quality, healthcare services to local residents." The 323-licensed bed facility's is conveniently located on Inkster Road, just north of Ford Road and just west of Telegraph and is easily accessible from I-96 and I-275. The hospital's commitment to be a leader in health education will also continue under Prime Healthcare.