Prime Healthcare Completes Acquisition of St. Joseph Medical Center and St. Mary's Medical Center

Prime Healthcare Completes Acquisition of St. Joseph Medical Center and St. Mary's Medical Center

02-13-2015

Ontario, Calif., Feb. 13, 2015 – Prime Healthcare announced today that it has completed its acquisition of St. Joseph Medical Center in Kansas City, MO, and St. Mary’s Medical Center in Blue Springs, MO, as well as other assets of Carondelet Health from Ascension Health. St. Joseph and St. Mary’s medical centers are acute-care hospitals with 456 beds and 900 physicians on staff combined.

“Prime Healthcare looks forward to working with the physicians, nurses and employees at St. Joseph Medical Center and St. Mary’s Medical Center to ensure the best care for the patients they serve,” said Prem Reddy, MD, FACC, FCCP, Chairman, President and CEO of Prime Healthcare Services. “Prime hospitals are consistently ranked among the best hospitals in the nation, and we have no doubt that these facilities will continue that legacy.”

St. Joseph Medical Center, a 310-bed acute-care hospital, provides a wide range of services, including 24-hour Emergency Department, Joint and Spine Institute, Cardiac Surgery [Carondelet Heart Institute], Breast Cancer Center, Birthing Center/NICU and outpatient services. It has earned the Gold-Plus Quality Achievement Award from the American Heart Association/American Stroke Association for the treatment of stroke patients. It is also an Accredited Chest Pain Center. The Breast Center has earned recognition by the National Accreditation Program for Breast Centers and Breast Imaging Center of Excellence designation from the American College of Radiology (ACR). St. Joseph has also earned the Magnet® designation three consecutive times from The American Nurses Credentialing Center for excellence in nursing services.

St. Mary's Medical Center, a 146-bed acute-care hospital, has a 24-hour Emergency Department, Accredited Chest Pain Center, Cardiac Surgery [Carondelet Heart Institute], Certified Stroke Center, Breast Center, Radiation Oncology, Center for Wound Care and Hyperbaric Medicine, Pain Center and the only Inpatient Rehabilitation Center between Blue Springs and Columbia, MO. It earned recognition as a 2013 Top Performer on Key Quality Measures® by The Joint Commission, the leading accreditor of health care organizations in the nation. In 2014, The Joint Commission’s annual report “America’s Hospitals: Improving Quality and Safety,” recognized St. Mary’s for attaining and sustaining excellence in accountability measure performance for: heart attack, pneumonia, surgical care and stroke.

In addition to St. Joseph and St. Mary’s, Prime Healthcare owns and operates Providence Medical Center in Kansas City, KS, and Saint John Hospital in Leavenworth, KS.

“Having four hospitals on both sides of the Missouri River gives us a significant market presence to better serve these communities,” said Luis Leon, president of operations for Prime Healthcare.

The three Carondelet Health long-term care facilities – Carondelet Manor, Villa Saint Joseph and St. Mary’s Manor – and the two hospitals’ charitable foundations will remain part of Ascension. Specific financials terms of the acquisition are confidential.

Prime Healthcare Services

Prime Healthcare is an award-winning national hospital system with 32 acute-care hospitals providing more than 35,000 jobs in ten states. Based in California and one of the largest hospital systems in the country, Prime Healthcare is committed to ensuring access to quality healthcare. It has been recognized as among the “100 Top Hospitals” in the nation 27 times and among the “15 Top Health Systems” three times, and is the only "10 Top Health System" west of the Mississippi. Our hospitals have been recognized by The Joint Commission among the "Top Performers on Key Quality Measures" in 2014.

Prime Healthcare is dedicated to serving our patients and communities. Since 2010, our hospitals have provided more than $2 billion in charity and uncompensated care. We provide more charity care than any other hospital system in California (excluding public hospitals) and nearly double the state average. With over $800 million invested in capital improvements since 2005, we are committed to transforming all of our hospitals into award-winning centers of excellence. For more information, please visit www.primehealthcare.com

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