Company Profile
Company Overview
Founded in 2001, Prime Healthcare has emerged as one of the nation’s leading hospital systems. Prime Healthcare was founded by Dr. Prem Reddy, a physician with a mission to save hospitals, improve community healthcare and provide the very best care to patients.
Our philosophy is that all healthcare is local. Each of our hospitals serve the unique needs of their communities while providing exceptional care with the strength and support of Prime Healthcare. Through a physician-directed and patient-centered model, passionate dedication to quality, evidence-based best practices, operational efficiency, technology and capital investment, our hospitals are recognized among the best in the nation. Prime Healthcare has been named a “15 Top Health System” by Truven and our hospitals are consistently among the “Top 100 Hospitals” in the country.
Prime Healthcare stands apart from others by its unique ability to save and transform hospitals. We have been named the “fastest growing hospital system” in the country by Modern Healthcare. And as we continue to grow and fulfill our mission of “saving hospitals, saving jobs and saving lives,” we remain committed to delivering exceptional care, and creating a legacy that will improve healthcare.
Prime Healthcare and the not-for-profit Prime Healthcare Foundation employ nearly 40,000 people and own and operate 45 acute care hospitals in Alabama, California, Florida, Georgia, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, Rhode Island and Texas. Prime Healthcare was recognized as a Top 15 Health System in the nation in 2012 and 2013. It also earned the distinction in 2008.
The IBM Watson Health "100 Top Hospitals" award winners for Prime Healthcare in 2018 are East Liverpool City Hospital, Montclair Hospital Medical Center, Pampa Regional Medical Center and Sherman Oaks Hospital (third time). Prime Healthcare hospitals have earned this recognition 42 times.
Company History
The seeds of Prime Healthcare’s success were first sown in the High Desert region of Southern California where Dr. Prem Reddy began practicing medicine in the 1980s. It was there he built Prime Healthcare’s flagship facility, Desert Valley Hospital, to serve the community.
Desert Valley Hospital was sold to another corporation for a few years, and immediately began faltering. In 2001 Dr. Reddy formed Prime Healthcare Services to re-purchase the hospital, rescuing it from bankruptcy and setting the standard for quality healthcare that continues throughout the hospital network to this day. Prime Healthcare's motto is "Saving Hospitals, Saving Jobs, Saving Lives" which the company continues to do as it grows.
From the lessons learned during the transformation of Desert Valley Hospital, Prime Healthcare’s model was established and now leads to the rescue and transformation of financially struggling community hospitals across the country. Desert Valley Hospital has been recognized as a Top 100 Hospital in the nation on numerous occasions.
Three years after the formation of Prime Healthcare, the company purchased the second hospital in the family, Chino Valley Medical Center, when Dr. Reddy was asked to save the hospital from bankruptcy. Growth continued throughout the early 2000s, and in recent years has increased pace as the shifting healthcare landscape endangered more and more small community hospitals, threatening to close them without financial support. To date, Prime has invested more than $1.1 billion in capital improvements for its hospitals since 2005.
Prime Healthcare has expanded to 45 hospitals in 14 states across the country. In recognition of our impressive growth and success, Prime Healthcare has been named “The Fastest Growing Hospital System” in the country by Modern Healthcare. Every hospital acquired in financial distress has been transformed and none have been sold or closed. Our experienced turnaround team has a record of success in finding operational efficiencies and minimizing bureaucracy to create an efficient healthcare delivery model. Our decentralized structure allows local leadership to make the right choices for their community, while benefiting from corporate guidance and support.