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Prime Healthcare Services Acquires Centinela Hospital Medical Center
Date:10/31/2007

Hospital network pledges to expand ER, continue providing all current

services, invest $20 million in facility improvements and maintain

commitment to poor and uninsured

INGLEWOOD, Calif., Oct. 31 /PRNewswire/ -- Prime Healthcare Services, Inc. (PHS), the owner and operator of eight acute care hospitals in Southern California, announced today that Prime Healthcare Centinela, one of its subsidiaries, has acquired Centinela Hospital Medical Center (CHMC), a 369-bed full-service acute care facility in Inglewood, California, from Centinela Freeman HealthSystems Holdings, Inc.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071031/AQW228LOGO)

Representatives for both PHS and CHMC said the acquisition will bring much-needed long-term financial stability to the hospital and assure that its doors remain open and all of its services remain available to the people of Inglewood and other local communities.

PHS has pledged to expand the Emergency Department to relieve overcrowding, to maintain all currently-offered services and to invest $20 million in new infrastructure improvements over the next year. It will also keep its ongoing commitment to serving the poor and uninsured.

"We look forward to working with Centinela's medical staff and employees, as well as community leaders, to maintain this hospital's long and storied tradition of medical excellence and of providing quality healthcare services to patients regardless of economic status," said Prem Reddy, MD, FACC, FCCP, Chairman of the Board of PHS.

"We are 100-percent committed to delivering a financial shot-in-the-arm to this hospital and providing the very best, most compassionate health care to the people of this community," said Reddy.

CHMC is a premier and critical hospital serving Inglewood and the greater Los Angeles communities. Recognized nationally and i
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SOURCE Prime Healthcare Services, Inc.
Copyright©2007 PR Newswire.
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