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Prime Healthcare Presentation

Prime Healthcare Services

Prime Healthcare Services and the Prime Healthcare Foundation together are one of of the largest hospital systems in

the U.S

Founded by Dr. Prem Reddy, M.D., FACC, FCCP.

Began by rescuing Desert Valley Hospital and Desert Valley Medical Group in Victorville from bankruptcy.

Specializes in saving failing hospitals from bankruptcy saving hospitals, saving jobs, saving lives.

Largest for-profit operator of hospitals in the state of California based on number of facilities.

Recent diversification into Pennsylvania, Indiana, Kansas, Michigan, Nevada, New Jersey, Rhode Island and Texas.

Hospitals provide full range of both inpatient and outpatient services including general acute care services,

emergency room, general and specialty surgery, intensive/critical care, obstetrics, behavioral health, rehabilitation

and diagnostic services.


Prime Healthcare hospitals are known for always keeping their emergency rooms open, rarely requiring patient diversion

to other hospitals.

Operates 29 acute care hospitals (includes 6 managed by the non-profit Prime Healthcare Foundation) with 5.2

thousand licensed beds and more than 30,000 employees; facilities are located in the following states:

California: 15

Texas: 4

Indiana: 1

Kansas: 2

Michigan: 1

Nevada: 1

New Jersey 1

Pennsylvania: 2

Rhode Island: 2

Dr. Prem Reddy, Chairman of the Board, President and CEO

Prem Reddy, MD, FACC, FCCP

Dr. Prem Reddy is double Board-Certified in Internal Medicine and Cardiology. During his 25 years of practice in California, he performed more than 5,000 cardiac procedures, including coronary angiography and angioplasty and permanent pacemaker implantations.

In 2001, Dr. Reddy founded Prime Healthcare Services, which owns and operates 22 hospitals. In addition, Dr. Reddy and his family founded and entirely funded the non-profit Prime Healthcare Services Foundation, which owns six non-profit acute care hospitals both in California and Texas. Combined, Prime Healthcare Services and the Foundation have hospitals in nine states: California, Indiana, Kansas, Michigan, Nevada, New Jersey, Pennsylvania, Rhode Island and Texas.


Among the many accolades, Prime Healthcare was recognized as one of the Top 15 Health Systems in the nation in 2013. This was the third time in six years Prime Healthcare has been recognized. In addition, since 2003, Prime Healthcare hospitals have been recognized among the 100 Top Hospitals in the nation 27 times.

The Foundation, with current assets of over $800 million, also funds various charities that support health education, education scholarships, public healthcare education and free community clinics.

Dr. Reddy was named as one of the 50 Most Influential Physician Executives in health care by Modern Healthcare in 2014, the fourth time in six years. He wasalso recognized as one of the Top 25 Minority Executives in 2014 for the third time.

Prime Healthcare Affiliated Foundations

Dr. Prem Reddy Family Foundation, 501(c)(3), Est. 1989

Has donated more than $5 million to Victor Valley Community College toward scholarships and the

construction of a new health and science building.

Donated $500,000 to Cal State San Bernardino and its department of nursing. To recognize his gift, the

nursing lab was renamed the Dr. Prem Reddy Nursing Laboratory.

Supports the Public Health Library.

Awards scholarships for students entering the field of healthcare, including the Dr. Prem Reddy Academic

Excellence Scholarship.

Provides grants and support for free community clinics, community education, public projects and to other non-

profit organizations.

The Prime Healthcare Services Foundation, 501(c)3, nonprofit public charity, Est. 2008The Prime Healthcare Services Foundation, 501(c)3, nonprofit public charity, Est. 2008

Donated $40 million to build and start a new nonprofit medical school, which will be called the California

University of Science and Medicine.

Includes five non-profit hospitals donated debt free to the Foundation:

Encino Hospital Medical Center

Huntington Beach Hospital

Montclair Hospital Medical Center

Pampa Regional Medical Center

Sherman Oaks Hospital

Knapp Medical Center acquired directly by the Foundation in 2013.

Both foundations, founded and funded by Dr. Reddy and his family, have combined assets of more than

$800 million.


Company History: Long Term Track Record of Facility Growth

13 12 12


222 3









Prime Healthcare Hospitals Non-Profit/Donated Hospitals

Recent expansion focused on diversifying outside CA and into KS, MI, NV, NJ, PA, RI and TX.

Signed purchase agreements in NJ.


1 2


9 13 13 12 12



2001 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E

Acquired Desert Valley Chino Valley Sherman





La Palma

West Anaheim





Garden Grove


San Dimas

Alvarado Harlingen (TX) Roxborough


Saint Marys


Lower Bucks


Dallas (TX)

Pampa (TX)

St. John (KS)

Providence (KS)

Landmark (RI)


Hospital of RI


St. Marys (NJ) -


St. Michaels (NJ)


St. Clares Health

System (NJ)


3 Hospitals

Garden City (MI)

Glendora (CA)

Donated Encino Montclair Sherman




Knapp (TX)

acquired by


Pampa Regional


Facility Characteristics

Prime Healthcare Today: Strong, Growing, and Diversified Acute

Care Footprint

Facility Locations

Shasta Regional Medical Center

Roxborough Memorial Hospital

Saint Mary's Regional Medical Center



Lower Bucks Hospital

Dallas Medical Center

Providence Medical Center

St. John Hospital










1. Desert Valley Hospital 148 148 6/1/01

2. Chino Valley Medical Center 70 126 9/1/05

3. La Palma Intercommunity Hospital 75 141 10/1/06

4. West Anaheim Medical Center 110 219 10/1/06

5. Paradise Valley Hospital 195 291 3/1/07

6. Centinela Hospital Medical Center 220 369 11/1/07

7. Garden Grove Medical Center 85 167 7/1/08

8. San Dimas Community Hospital 101 101 7/1/08

9. Shasta Regional Medical Center 120 246 11/1/08

10. Alvarado Hospital Medical Center 120 306 11/17/10

26. Glendora Community Hospital 128 128 5/23/14

California 1,372 2,242

16. St. John Hospital 70 80 4/01/13

17. Providence Medical Center 120 400 4/01/13

Kansas 190 480

27. Garden City Hospital 323 323 7/01/14

Michigan 323 323

Pennsylvania LandmarkMedicalCenter

RehabilitationHospitalof Rhode


MichiganGarden City Hospital

St. Marys

Monroe Hospital


Harlingen Medical Center

Knapp Medical Center

Pampa Regional Medical Center

Paradise Valley Hospital

Alvarado Hospital Medical Center

Garden Grove Hospital Medical Center

West Anaheim Medical Center

La Palma Intercommunity Hospital San Dimas Community Hospital

Centinela Hospital Medical Center

Desert Valley Hospital

Encino Hospital Medical Center

Huntington Beach Hospital

Montclair Hospital Medical Center

Sherman Oaks Hospital

Chino Valley Medical Center

Michigan 323 323

18. Saint Marys Regional Medical Center 200 380 7/01/12

Nevada 200 380

28 St. Marys Hospital 110 264 8/15/14

New Jersey 110 264

14. Roxborough Memorial Hospital 80 140 2/22/12

15. Lower Bucks Hospital 85 168 10/02/12

Pennsylvania 165 308

11. Landmark Medical Center 140 214 12/31/13

12. Rehabilitation Hospital of Rhode Island 20 82 12/31/13

Rhode Island 160 296

11. Harlingen Medical Center 80 112 12/1/11

12. Dallas Medical Center 50 150 9/26/12

Texas 130 262

Prime Healthcare Services 2,650 4,555

19. Sherman Oaks Hospital 85 153 3/1/06

20. Montclair Hospital Medical Center 102 102 7/1/06

21. Huntington Beach Hospital 100 131 10/1/06

22. Encino Hospital Medical Center 80 150 6/1/08

23. Pampa Regional Medical Center 30 115 6/1/12

25. Knapp Medical Center 120 226 1/2/13

Prime Healthcare Foundation 517 877

Glendora Community Hospital

St. Marys Hospital of New Jersey

Prime Healthcare has been recognized by Truven Health Analytics (formerly Thomson Reuters) as one of the Top 15 Health Systems in the U.S. based on clinical performance

Prime Healthcare named as a Top 15 Health System in 2012 and 2013 based on

quality of care, efficiency and patient satisfaction by Truven Health Analytics

(formerly T