M&A Deal Summary

Prime Healthcare Services Acquires Providence Medical Center

On April 1, 2013, Prime Healthcare Services acquired healthcare services company Providence Medical Center from SCL Health

Acquisition Highlights
  • This is Prime Healthcare Services’ 12th transaction in the Healthcare Services sector.
  • This is Prime Healthcare Services’ 12th transaction in the United States.
  • This is Prime Healthcare Services’ 2nd transaction in Kansas.

M&A Deal Summary

Date 2013-04-01
Target Providence Medical Center
Sector Healthcare Services
Buyer(s) Prime Healthcare Services
Sellers(s) SCL Health
Deal Type Divestiture

Target

Providence Medical Center

Kansas City, Kansas, United States
Providence Medical Center is home to innovative health care, quality physicians and compassionate staff. Nationally recognized and accredited by the Joint Commission, Providence has earned the Gold Standard as an Accredited Chest Pain Center and the Platinum Performance Achievement Award from the American College of Cardiology. The medical center provides an extensive array of diagnostic and treatment services including surgery, heart and vascular care, Spine Center, Joint Center and an accredited Sleep Disorders Center.

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Buyer(S) 1

Buyer

Prime Healthcare Services

Ontario, California, United States

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 12 of 32
Sector (Healthcare Services) 12 of 32
Type (Divestiture) 8 of 15
State (Kansas) 2 of 2
Country (United States) 12 of 32
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Saint John Hospital

Leavenworth, Kansas, United States

Saint John Hospital, Inc. is an 80-bed acute care hospital, offer an extensive array of diagnostic and treatment care. Saint John Hospital has served as the health care beacon to the Leavenworth and Lansing, Kan., community for more than 140 years. Nationally recognized and accredited by the Joint Commission, Saint John is home to 43 staffed beds, quality physicians and compassionate staff, the hospital specializes in ambulatory care services, including surgery, senior behavioral health, oncology, emergency services and rehabilitation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-28 Rehabilitation Hospital of Rhode Island

North Smithfield, Rhode Island, United States

Rehabilitation Hospital of Rhode Island is a provider of inpatient and outpatient rehabilitation services.

Buy -

Seller(S) 1

SELLER

SCL Health

Broomfield, Colorado, United States

Category Company
Founded 1864
Sector Healthcare Services
Employees16,000
DESCRIPTION

SCL Health is a nonprofit healthcare organization that operates eight hospitals, three safety-net clinics, one children’s mental health center, and more than 190 ambulatory service centers in three states Colorado, Kansas, and Montana. The health system includes 15,000 full-time associates and more than 500 employed providers. SCL Health contributed more than $226 million in community benefit, including services for the poor, health screenings, educational programs, community donations, and research. SCL Health was founded in 1864 and is based in Broomfield, Colorado.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Kansas) 2 of 2
Country (United States) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Saint John Hospital

Leavenworth, Kansas, United States

Saint John Hospital, Inc. is an 80-bed acute care hospital, offer an extensive array of diagnostic and treatment care. Saint John Hospital has served as the health care beacon to the Leavenworth and Lansing, Kan., community for more than 140 years. Nationally recognized and accredited by the Joint Commission, Saint John is home to 43 staffed beds, quality physicians and compassionate staff, the hospital specializes in ambulatory care services, including surgery, senior behavioral health, oncology, emergency services and rehabilitation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 Allcare Home Health

Denver, Colorado, United States

Allcare Home Health LLC is a home healthcare company that provides skilled nursing, physical therapy, occupational therapy and social work services in metro Denver.

Buy -