The Definitive Blog

2014-02-10 – Prime Healthcare to Enter Michigan With Garden City Hospital Purchase

For more news on mergers and acquisitions, you can view the entire newsletter or our newsletter archive.

According to a report from the Observer and Eccentric, Prime Healthcare Services and Garden City Hospital have signed an asset purchase agreement, which is a critical step forward for Prime Healthcare to finalize its acquisition of the hospital.

Prime Healthcare has agreed to maintain Garden City Hospital as an acute care hospital and will continue to provide charity care at the existing levels or better, as well as maintain a local governing board. In addition to the cost of the acquisition, Prime Healthcare also will invest at least $35 million in capital improvements.

February 11, 2014 | Hospital Data
Previous post Next post

Newsletter Signup