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

nternationally for its work in the area of orthopedic medicine, it is the official hospital for the Los Angeles Dodgers, Lakers, Clippers, Sparks, Galaxy and Avengers sports teams and the home of the renowned Tommy Lasorda Heart Institute.

Unfortunately, CHMC has been experiencing financial difficulties over the past few years. With the recent closure of Martin Luther King Jr. - Harbor Hospital, the Emergency Department has seen an increase in indigent and uninsured patients. In addition to the growing volume of uncompensated care, the ever-increasing costs of healthcare delivery and decreasing reimbursements have resulted in financial stress for the hospital.

"This sale of Centinela Hospital to Prime Healthcare Services is designed to meet the long-term needs of our patients and employees by stabilizing the delivery of health care services in Inglewood and the surrounding communities," said Von Crockett, President and CEO of CFHS. "This is very good news indeed both for this facility and for the many people we serve."

Prime Healthcare Services has become a respected industry leader by acquiring financially distressed and/or failing hospitals and strengthening operations through proven operational protocols: adequate capital infusion, physician driven and patient focused clinical pathways, and outcome oriented management protocols.

As is the case in all eight of the hospitals it has acquired throughout Southern California, PHS maintains open emergency departments that rarely, if ever, go on saturation/bypass.

What's more, PHS' hospitals offer more charity care compared to other not-for-profit and for-profit competitors. Its hospitals are award-winning facilities which consistently rank near the top of respected hospital quality assurance and accreditation agencies.

Prime Healthcare Services will operate CHMC as an acute-care facility with all services presently provided including Emergency Department services, Medical/Surgical ser
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SOURCE Prime Healthcare Services, Inc.
Copyright©2007 PR Newswire.
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