Carondelet Health, Prime Healthcare Services Sign Agreement for Sale
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(Kansas City, Mo.) October 14, 2014 – Carondelet Health in Kansas
City, Mo., a part of Ascension, and Prime Healthcare Services, Inc., have
signed a definitive agreement for the acquisition by Prime of the majority
of the facilities of Carondelet Health. The transaction includes St. Joseph
Medical Center in Kansas City and St. Mary"s Medical Center in Blue Springs,
Mo, as well as other assets of Carondelet Health. The three Carondelet
Health long-term care facilities – Carondelet Manor, Villa Saint
Joseph and St. Mary"s Manor – and the two hospitals" charitable
foundations will remain part of Ascension. “This agreement strengthens
the ministry and ensures that its caring associates and physicians will
be able to continue to meet the healthcare needs of the community,”
said Robert J. Henkel, FACHE, Executive Vice President of Ascension and
President and Chief Executive Officer of Ascension Health. “Ascension
will continue to serve this community by providing senior services as
part of Ascension Health Senior Care.” “Prime Healthcare understands
the value these hospitals bring to their communities, and we intend to
help the hospitals provide residents with the high quality healthcare
they deserve,” said Prem Reddy, MD, FACC, FCCP, Chairman, President
and CEO of Prime Healthcare Services. “Our motto is „Saving
Hospitals, Saving Jobs, Saving Lives," and we take that responsibility
seriously. We look forward to completing the process and working with
the physicians, nurses and employees to ensure the best care for the patients
we serve.” The transaction is subject to customary approvals. Specific
terms of the agreement are confidential. About Carondelet Health Carondelet
Health (www.carondelethealth.org) consists of two acute care hospitals,
St. Joseph and St. Mary"s Medical Centers, with 450 beds and 900 physicians
on staff combined. St. Joseph Medical Center has earned Carondelet Health,
Prime Healthcare Services Sign Agreement for Sale Contacts: NICK RAGONE,
Chief Communications Officer, Ascension 314.733.8941 Nick.Ragone@ascension.org
Magnet Designation for excellence in nursing. Consistent with its mission,
Carondelet Health provides compassionate, quality healthcare with a special
concern for the poor. About Ascension Ascension (www.ascension.org) is
a Catholic healthcare organization dedicated to the transformation of
healthcare through excellent clinical care throughout the continuum of
care and through innovation. Ascension is the nation"s largest Catholic
and non-profit health system, providing the highest quality care to all
with special attention to those who are poor and vulnerable. Last year,
Ascension provided $1.8 billion in care of persons living in poverty and
community benefit programs. Its Mission-focused Health Ministries employ
more than 153,000 associates serving in more than 1,900 sites of care
in 23 states and the District of Columbia. Ascension"s direct subsidiaries
provide services that include healthcare delivery, medical equipment management,
treasury management, resource and supply management, venture capital investing,
physician practice management, and risk management. About Prime Healthcare
Services Ontario, CA-based Prime Healthcare Services (www.primehealthcare.com),
with a motto of “Saving Hospitals, Saving Jobs and Saving Lives,”
is one of the largest hospital companies in the nation. Prime Healthcare
was recognized as one of the “15 Top Health Systems” in the
nation in 2013, based on quality of healthcare and patient satisfaction.
It is the third time in six years it has been recognized. In 2014, eight
Prime Healthcare hospitals were ranked among the “100 Top Hospitals”
in the nation by Truven Health Analytics. Prime Healthcare hospitals have
earned the award 27 times since 2003. Through their subsidiaries, Prime
Healthcare Services and the non-profit Prime Healthcare Foundation have
more than 30,000 employees and own and operate 27 hospitals in seven states:
Alvarado Hospital Medical Center, Centinela Hospital Medical Center, Chino
Valley Medical Center, Desert Valley Hospital, Encino Hospital Medical
Center, Garden Grove Hospital Medical Center, Glendora Community Hospital,
Huntington Beach Hospital, La Palma Intercommunity Hospital, Montclair
Hospital Medical Center, Paradise Valley Hospital, San Dimas Community
Hospital, Shasta Regional Medical Center, Sherman Oaks Hospital and West
Anaheim Medical Center – in California; Providence Medical Center
and Saint John Hospital – in Kansas; Garden City Hospital –
in Michigan; Saint Mary"s Regional Medical Center – in Nevada; Lower
Bucks Hospital and Roxborough Memorial Hospital – in Pennsylvania;
Landmark Medical Center and Rehabilitation Hospital of Rhode Island –
in Rhode Island; Dallas Medical Center, Harlingen Medical Center, Knapp
Medical Center and Pampa Regional Medical Center – in Texas.