Glendora Community Hospital Converts to Not-for-Profit Facility
Posted on Jan 4, 2016
Prime Healthcare Services today announced that it has donated Glendora Community Hospital, a 128-bed bed acute care hospital located in Glendora, California, to the Prime Healthcare Foundation, a 501(c)(3) not-for-profit public charity. The hospital was donated free of any existing debt.
The move will allow Glendora Community Hospital to broaden its reach in the community, and continue to serve all members of the East San Gabriel Valley and beyond in a compassionate and caring manner.
"Prime Healthcare believes that exceptional healthcare should be part of every community," said Prem Reddy, M.D., FACC, FCCP, Chairman, President and CEO of Prime Healthcare Services and founder of the Foundation. "The decision to convert Glendora Community Hospital to a not-for-profit hospital was based on our desire to better serve the residents who rely on the hospital for quality health care."
"With Glendora Community Hospital becoming a non-profit hospital, we look forward to continuing our mission of providing quality and compassionate care to our patients and community," said Oliver Solomon, MD, Chief Medical Officer of Glendora Community Hospital.
The Prime Healthcare Foundation, founded by Dr. Reddy and his family in 2008, is dedicated to improving access to healthcare and increasing educational opportunities in healthcare. The Foundation has donated millions of dollars to support free community clinics, nonprofit organizations, scholarships and academic programs in healthcare.
Including Glendora Community Hospital, the Foundation owns and operates eight hospitals in California and Texas. The hospitals were all donated to the Foundation debt free and have transformed into successful community assets. The Foundation maintains net assets of more than $700 million dollars, entirely donated by Dr. Reddy.
With an initial contribution of $40 million, the Prime Healthcare Foundation is also supporting a new not-for-profit medical school, the California University of Science and Medicine, in San Bernardino County.
Glendora Community Hospital
Glendora Community Hospital is a 128-bed full-service, acute care hospital centrally located in Glendora, CA and aspires to be the leading community health center in the East San Gabriel Valley. Services provided include comprehensive acute care medical, intensive care, surgical services – inpatient and outpatient, critical care, telemetry care, diagnostic imaging, 24-hour basic emergency services, women's health services, clinical laboratory, comprehensive perinatal program, and cardiopulmonary services. For more information, please visit www.glendorahospital.com.
Prime Healthcare Foundation
Prime Healthcare Foundation, headquartered in Ontario, California, is a 501(c)3 public charity with $650 million in assets all donated by Dr. Prem Reddy and his family. The mission of the Prime Healthcare Foundation is to provide quality, compassionate healthcare for all, and serve communities through various charitable and educational initiatives. Prime Healthcare Foundation's for-profit affiliate is Prime Healthcare Services, an award-winning national hospital system with 38 acute-care hospitals providing nearly 40,000 jobs in 11 states. Seven of the hospitals are members of the Prime Healthcare Foundation. Prime Healthcare and its hospitals have been featured prominently among the "100 Top Hospitals" in the nation 33 times and among the "15 Top Health Systems" three times. Prime Healthcare hospitals are recognized as "Top Performers on Key Quality Measures" by The Joint Commission and Prime Healthcare is the only "10 Top Health System" west of the Mississippi. For more information, please visit www.primehealthcare.com.