FOR IMMEDIATE RELEASE: August 31, 2015
Prime Healthcare Services Completes Sale of St. Joseph Mercy Port Huron Port Huron, MI…Prime Healthcare Services announced today that they have completed the sale of St. Joseph Mercy Port Huron. As a result of the sale, St. Joseph Mercy Port Huron will now be known as Lake Huron Medical Center.
Lake Huron Medical Center is a 144-bed acute care hospital providing adult medical/surgical services, emergency care, cancer care, cardiac care, bariatric care, inpatient rehabilitation services and a vast number of other testing, health and medical services. Last year alone, Lake Huron Medical Center treated more than 20,000 patients in its emergency department; performed nearly 6,000 surgical procedures; provided treatment for nearly 400 oncology patients; and provided over 3,000 visits to the underserved through the Peoples’ Clinic for Better Health.
Under the asset purchase agreement between Prime Healthcare and Saint Joseph Mercy Health System (SJMHS) and CHE Trinity Health Prime has agreed to invest $20 million in capital improvements over three years, including the addition of a TrueBeam Linear Accelerator to the cancer center; maintain a charity care policy at or above current levels, including the operation of the Peoples’ Clinic for Better Health, with all foundation funding remaining local; maintain an independent medical staff and local governing board; and preserve the hospital as an acute care hospital with an open and accessible emergency department.
“We are excited to acquire Lake Huron Medical Center and look forward to enhancing its services to the Blue Water community,” said Prem Reddy, MD, FACC, FCCP, chairman, president and CEO of Prime Healthcare Services. “We are committed to making hospitals successful by strengthening, building, investing in and improving their programs and facilities.”