Prime Healthcare Services Completes Acquisition of St. Joseph Mercy Port Huron

Port Huron, MI... Prime Healthcare Services, the fastest growing hospital system in the nation, announced today that it has completed the acquisition of St. Joseph Mercy Port Huron. As a result, St. Joseph Mercy Port Huron will now be known as Lake Huron Medical Center.

Lake Huron Medical Center is a 144-bed acute care hospital providing adult medical/surgical services, emergency care, cancer care, cardiac care, bariatric care, inpatient rehabilitation services and a vast number of other testing, health and medical services. Last year alone, Lake Huron Medical Center treated more than 20,000 patients in its emergency department; performed nearly 6,000 surgical procedures; provided treatment for nearly 400 oncology patients; and provided over 3,000 visits to the underserved through the Peoples' Clinic for Better Health.

Under the asset purchase agreement between Prime Healthcare, the nation's 5th largest for-profit hospital system, Saint Joseph Mercy Health System (SJMHS) and Trinity Health, Prime Healthcare has agreed to invest $20 million in capital improvements over three years (including the addition of a TrueBeam Linear Accelerator to the cancer center), maintain a charity care policy at or above current levels (including the operation of the Peoples' Clinic for Better Health), continue all foundation funding locally; maintain an independent medical staff and local governing board; and preserve the hospital as an acute care hospital with an open and accessible emergency department.

"Prime Healthcare remains committed to our mission of Saving Hospitals, Saving Jobs and Saving Lives," said Prem Reddy, MD, chairman, president and CEO of Prime Healthcare Services. "We are grateful to the Religious Sisters of Mercy and Trinity Healthcare for the opportunity to provide compassionate and quality healthcare to these communities."

Entities included in the sale are:

  • St. Joseph Mercy Port Huron Hospital – now Lake Huron Medical Center
  • Mercy Health Center in Fort Gratiot – now Lake Huron Medical Center North
  • Mercy FITRAC in Marysville, Port Huron and Fort Gratiot – now, Lake Huron Physical Therapy and Rehabilitation Services
  • Mercy Physician Partners (Mercy Family Care, Mercy Surgery Care and Mercy Specialty Care) in Marysville, Port Huron and Fort Gratiot – now Lake Huron Medical Group
  • Lakeshore Surgery Center – no name change
  • Advanced MRI – no name change

"Prime Healthcare's investment in our community will serve to open a new and exciting chapter in our hospital's history," said Rebekah Smith, RN, president and CEO of Lake Huron Medical Center. "Our affiliation with Prime will enable our hospital and staff to continue to provide Blue Water Area residents with state-of-the-art health care. We are confident that Lake Huron Medical Center will continue to be well positioned as the high quality health care provider our neighbors have come to depend on and deserve."

The financing for the transaction has been provided through a Real Estate Investment Trust funding by Medical Properties Trust, an Alabama-based publicly traded company.

The community can stay up to date on this transition through the hospital's social media accounts and its newly launched website: mylakehuron.com.

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Prime Healthcare Services

Prime Healthcare is an award-winning national hospital system with 34 acute-care hospitals providing more than 35,000 jobs in 11 states. Based in California and one of the largest hospital systems in the country, Prime Healthcare is committed to ensuring access to quality healthcare. It has been recognized as among the "100 Top Hospitals" in the nation 33 times and among the "15 Top Health Systems" three

times, and is the only "10 Top Health System" west of the Mississippi. Our hospitals have been recognized

by The Joint Commission among the "Top Performers on Key Quality Measures" in 2014. For more information, please visit www.primehealthcare.com.

St. Joseph Mercy Port Huron (SJMPH) now, Lake Huron Medical Center

Founded in 1954 by the Religious Sisters of Mercy, St. Joseph Mercy Hospital, Port Huron, MI, is a 119- bed acute care, community-based hospital providing adult medical/surgical services; emergency care; cancer care; cardiac care; inpatient rehabilitation services, including stroke care; orthopedics and joint replacement; bariatric services and a vast number of other outpatient testing, health, and medical services. As a not-for-profit hospital, SJMPH reinvests all profits back into the communities we serve, while providing patients with the utmost compassion and care. SJMPH was recently awarded accreditation from The Joint Commission and was provided its "Gold Seal of Approval", as well named a Top Performer on Key Quality Measures®. SJMPH's cancer program was named "best in cancer care" and was the first hospital in St. Clair County to receive the Outstanding Achievement Award from the Commission on Cancer of the American College of Surgeons [2008]. It is also the only hospital in the region to offer access to radiation therapy for the treatment of cancer. St. Joseph Mercy was the second hospital in the state of Michigan to offer access to orthopedic robotic surgery. In addition to offering the only access to open MRI services through Advanced MRI; SJMPH also provides access to specialized care through a Senior ER and Ultrasound, Breast Imaging and CT Scan services accredited by the American College of Radiology. SJMPH is located in St. Clair County and the Thumb region, northeast of Detroit, Michigan. St. Joseph Mercy Hospital is a member of the Saint Joseph Mercy Health System. For more information, visit: mymercy.us.

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