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Prime Healthcare Services Enters Into Network Wide Contract With Aetna Health Plans
Date:3/3/2008

VICTORVILLE, Calif., March 3 /PRNewswire/ -- Prime Healthcare Services, Inc. (PHS) entered into a multi-year managed care agreement with Aetna Health Plans (Aetna) effective February 28, 2008 for all of their products, i.e., PPO, POS and HMO. Aetna enrollees can now seek care at any one of PHS' hospitals* for outpatient and inpatient services on an elective or direct basis including outpatient testing. Aetna enrollees will be covered with full in-network benefits.

"We are pleased that Aetna stepped up and entered into a network wide managed care contract with PHS' hospitals. This dispels the rumor that PHS is adverse to managed care contracting and hopefully, paves the path for other managed care health plans to enter into contracts with fair and reasonable reimbursement," said Prem Reddy, MD, FACC, FCCP, PHS' Chairman of the Board. "We are ready and willing to enter into managed care agreements with other major health plans on terms comparable to Aetna's," said Lloyd Wilensky, PHS' Vice-President of Health Plan Operations.

Prime Healthcare Services, Inc. is a progressive, innovative and rapidly expanding hospital management company in Southern California. With over 6,000 employees, PHS currently owns and operates nine acute care facilities: Centinela Hospital Medical Center in Inglewood (370-beds), Chino Valley Medical Center in Chino (126-beds), Desert Valley Hospital in Victorville (83-beds), Huntington Beach Hospital in Huntington Beach (141-beds), La Palma Intercommunity Hospital in La Palma (131-beds), Montclair Hospital Medical Center in Montclair (102-beds), Paradise Valley Hospital in National City (301-beds), Sherman Oaks Hospital and the Grossman Burn Center in Sherman Oaks (153-beds) and West Anaheim Medical Center in Anaheim (219-beds) in California. The PHS' mission is to provide comprehensive quality healthcare in a compassionate, convenient and cost-effective manner. For more information please visit http://www.primehealthcare.com

* Eight of nine PHS hospitals have already executed the agreements except

for Centinela Hospital Medical Center which is in negotiations.


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SOURCE Prime Healthcare Services, Inc.
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