Prime Healthcare Acquires Alvarado Hospital in San Diego

Victorville, Calif.-based Prime Healthcare Services has acquired Alvarado Hospital in San Diego, according to a Prime news release.

Prime acquired Alvarado from Plymouth Health, a privately held, Los-Angeles-based company that owned and operated the hospital since Jan. 2007. No purchase price was disclosed.

Alvarado staff said the decision, announced this morning, came as a surprise, according to a San Diego Union-Tribune report.

Prime owns and/or operates 13 acute-care hospitals in California and will continue to operate the 306-bed Alvarado as an acute care facility.

The sale was spurred by the belief that the business model of the stand-alone hospital is not viable in today’s changing healthcare arena, according to a Plymouth official cited in the report.

Read about other mergers and acquisitions:

-Missouri's Ripley County Memorial Joins Southeast Health

-Michigan Attorney General Approves Detroit Medical Center Sale

-University of Louisville Signs Letter of Intent to Merge With Two Other Kentucky Systems

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