Prime Healthcare Foundation Continues Growth with the Acquisition of Mission Regional Medical Center
(Ontario, Calif., July 3, 2017) – Prime Healthcare Foundation has completed its acquisition of Mission Regional Medical Center in Mission, Texas. With this acquisition, Prime Healthcare owns and operates 45 hospitals in 14 states, including six acute care facilities in Texas.
“With the many changes happening in the healthcare industry, it’s critical that community hospitals like Mission Regional Medical Center are provided the opportunity to thrive,” said Prem Reddy, MD, FACC, FCCP, Chairman, President and CEO of Prime Healthcare. “We look forward to working with the physicians, nurses and employees at Mission Regional to provide quality healthcare to their community for generations to come.”
Mission Regional Medical Center is a 297-bed, non-profit hospital that provides inpatient and outpatient hospital services to the people of the Rio Grande Valley in southern Texas. Rated one of the top hospitals in the country for clinical excellence in maternity care and orthopedic care, Mission Regional Medical Center has been offering quality healthcare for over 60 years. As part of the acquisition, Prime Healthcare Foundation will maintain inpatient and outpatient services, strengthen physician recruitment, and provide a multimillion dollar capital commitment over the next five years.
Prime Healthcare Foundation, a 501(c)3 public charity based in Ontario, CA with a mission of providing quality healthcare for all, is affiliated with Prime Healthcare. The Foundation now includes 13 of the 45 hospitals within the award-winning Prime Healthcare network. One of the 13 Foundation hospitals, all of which are not-for-profit, is Knapp Medical Center located near Mission in Weslaco, Texas. Another member of Prime Healthcare in south Texas is Harlingen Medical Center located in Harlingen, TX.
“As a member of the Prime Healthcare Foundation family of hospitals, we look forward to continuing our dedicated service to our community with additional resources and support from an award winning health system,” said Kane Dawson, CEO of Mission Regional Medical Center. “We are confident we found the best partner to help us enhance the quality of life in the Rio Grande Valley.”
Prime Healthcare and the Prime Healthcare Foundation are dedicated to providing the best quality care to the communities they serve. Prime Healthcare has been recognized among the “15 Top Health Systems” three times by Truven Health Analytics, and its hospitals have been recognized 38 times among the “100 Top Hospitals” in the nation.
About Prime Healthcare and Prime Healthcare Foundation: Prime Healthcare is an award-winning national hospital system with 45 acute-care hospitals providing nearly 45,000 jobs in 14 states. Thirteen of the hospitals are members of the Prime Healthcare Foundation, a 501(c)3 public charity with a mission of providing quality, compassionate healthcare for all. Based in California and one of the largest hospital systems in the country, Prime Healthcare and its hospitals have been recognized as among the “100 Top Hospitals” in the nation 38 times and among the “15 Top Health Systems” three times, and Prime Healthcare is the only "Top 10 Health System" west of the Mississippi. For more information, please visit www.primehealthcare.com.