Prime Healthcare Services Takes Over St. Joseph Mercy

Saint Joseph Mercy Health System (SJMHS) and Trinity Health announced today that they have entered into a definitive agreement under which Prime Healthcare Services, a hospital system based in Ontario, Calif. would acquire St. Joseph Mercy Port Huron, located in Port Huron, Mich. The decision of the SJMHS board of directors was supported by the hospital's local board. "We are excited to acquire St. Joseph Mercy Port Huron and look forward to enhancing its services to the Port Huron community," said Prem Reddy, M.D., FACC, FCCP,  chairman, president and CEO of the for-profit Prime Healthcare Services. "We are committed to making hospitals successful by strengthening, building, investing and improving their programs and facilities."  SJMHS and Trinity Health, following an extensive due diligence process which included a thorough assessment of strategic, financial and regulatory issues as well as a mission discernment, concluded that the sale of the hospital and its assets to Prime Healthcare Services was in the best interest of the colleagues, (con't)
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