M&A Deal Summary

Prime Healthcare Services Acquires Verity Health System of California - St. Francis Medical Center

On April 9, 2020, Prime Healthcare Services acquired healthcare services company Verity Health System of California - St. Francis Medical Center from Verity Health System of California for 350M USD

Acquisition Highlights
  • This is Prime Healthcare Services’ 32nd transaction in the Healthcare Services sector.
  • This is Prime Healthcare Services’ largest (disclosed) transaction.
  • This is Prime Healthcare Services’ 32nd transaction in the United States.
  • This is Prime Healthcare Services’ 10th transaction in California.

M&A Deal Summary
Date 2020-04-09
Target Verity Health System of California - St. Francis Medical Center
Sector Healthcare Services
Buyer(s) Prime Healthcare Services
Sellers(s) Verity Health System of California
Deal Type Divestiture
Deal Value 350M USD

Target

Verity Health System of California - St. Francis Medical Center

Lynwood, California, United States
Verity Health System of California, Inc. - St. Francis Medical Center is 384-bed acute care hospital has private emergency trauma centers in Los Angeles County — treating more than 84,000 children and adults each year.

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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 32 of 32
Sector (Healthcare Services) 32 of 32
Type (Divestiture) 15 of 15
State (California) 10 of 10
Country (United States) 32 of 32
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Glendora Oaks Behavioral Health Hospital

Glendora, California, United States

Glendora Oaks Behavioral Health Hospital is a 44-bed behavioral health nonprofit hospital that provides personalized behavioral healthcare and specializes in helping seniors aged 18 and older suffering from mental health disorders. Glendora Oaks Behavioral Health Hospital was founded in 1958 and is based in Glendora, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Glendora Oaks Behavioral Health Hospital

Glendora, California, United States

Glendora Oaks Behavioral Health Hospital is a 44-bed behavioral health nonprofit hospital that provides personalized behavioral healthcare and specializes in helping seniors aged 18 and older suffering from mental health disorders. Glendora Oaks Behavioral Health Hospital was founded in 1958 and is based in Glendora, California.

Sell -

Seller(S) 1

SELLER

Verity Health System of California

Redwood City, California, United States
Category Company
Sector Healthcare Services
DESCRIPTION

Verity Health System of California, Inc. is a nonprofit healthcare system. Its hospitals include 1,650 inpatient beds, six active emergency rooms, a trauma center and a host of medical specialties including tertiary and quaternary care.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 Verity Health System of California - Medical Centers

California, United States

Verity Health System of California - Medical Centers comprises St. Francis Medical Center in Lynwood, St. Vincent Medical Center in Los Angeles, Seton Medical Center in Daly City and Seton Coastside in Moss Beach.

Sell $610M
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