M&A Deal Summary

Prime Healthcare Services Acquires Centinela Hospital Medical Center

On October 31, 2007, Prime Healthcare Services acquired healthcare services company Centinela Hospital Medical Center from CFHS Holdings

Acquisition Highlights
  • This is Prime Healthcare Services’ 3rd transaction in the Healthcare Services sector.
  • This is Prime Healthcare Services’ 3rd transaction in the United States.
  • This is Prime Healthcare Services’ 3rd transaction in California.

M&A Deal Summary
Date 2007-10-31
Target Centinela Hospital Medical Center
Sector Healthcare Services
Buyer(s) Prime Healthcare Services
Sellers(s) CFHS Holdings
Deal Type Divestiture

Target

Centinela Hospital Medical Center

Inglewood, California, United States
Centinela Hospital Medical Center, Inc. is a 369-bed full-service acute care facility in Inglewood, California. CHMC is a premier and critical hospital serving Inglewood and the greater Los Angeles communities. Recognized nationally and internationally 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.

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Buyer(S) 1

Buyer

Prime Healthcare Services

Ontario, California, United States

website

Category Company
Founded 2000
Sector Healthcare Services
DESCRIPTION

Prime Healthcare Services, Inc., together with its subsidiaries, owns and operates acute care hospitals in California, Texas, and Pennsylvania.

DEAL STATS #
Overall 3 of 32
Sector (Healthcare Services) 3 of 32
Type (Divestiture) 1 of 15
State (California) 3 of 10
Country (United States) 3 of 32
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 Paradise Valley Hospital

National City, California, United States

Paradise Valley Hospital is a 301-bed facility in National City, Calif. The for-profit health care management company, which owns and operates seven acute care facilities elsewhere in Southern California, has committed to continue operations of the Adventist Health hospital.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Encino Hospital Medical Center

Encino, California, United States

Encino Hospital Medical Center is a provider of health care services. Company offers cardiac, diabetes care, geriatrics, orthopedics, women's health and maternity care, oncology, rehabilitation medicine, and pediatrics services.

Buy -

Seller(S) 1

SELLER

CFHS Holdings

Marina Del Rey, California, United States

website

Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Marina Del Rey Hospital operate as a distinct community hospital to provide its existing services, including a 24-hour emergency room. The hospital will convert to nonprofit status, which will result in an enhanced mission to serve the healthcare needs of the local community, including provision of community benefit programs.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
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