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Prime finally gets to buy N.J. hospital


Saint Michael’s Medical Center.

 Ontario, Calif.-based Prime Healthcare Services has been given final approval to acquire Saint Michael’s Medical Center, in Newark, N.J. The process has taken three years!

Prime will buy Saint Michael’s for $62 million and invest $50 million to modernize the hospital. Prime  also promised to  keep “substantially all” of the hospital’s 1,400 employees.

Saint Michael’s officials said the  transaction’s extended consideration is the main reason that the inner-city hospital had to file for protection under the U.S. Bankruptcy Act last August.

Prime Healthcare drops bid for Daughters of Charity


Prime Healthcare Services is abandoning its bid for Daughters of Charity Health System, in Los Altos Hills, Calif., citing “onerous and unprecedented {300} conditions” set by the California attorney general for the takeover to happen.

It’s another sign of the growing pushback by officials in some states against hospital-system expansion.




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