Garden City Hospital Joins Prime Healthcare Services
Garden City Hospital, a 167-bed hospital in west-suburban Detroit, has joined Ontario, CA-based Prime Healthcare Services. As part of its commitment to the greater Garden City community, Prime has assumed Garden City’s underfunded pension liability and made a significant forward-looking capital spending guarantee. This is Prime’s first acquisition in the Midwest and represents an exceptional outcome for a community that had faced the loss of its hospital.
Before engaging Juniper, Garden City had been unsuccessful for several years in its search for a strategic partner. Juniper conducted a competitive process to seek nationwide proposals, which included Prime, a California-based investor-owned company. Juniper assisted Garden City with a complex sale process. As a result of the successful outcome, Garden City, which had been struggling with deteriorating demographics and falling volumes, can now reaffirm its continued mission as a provider of inpatient and outpatient healthcare services to the west-Detroit market.
Garden City Hospital
Garden City is a 167-bed osteopathic acute-care hospital located in the Detroit suburb of Garden City. Established in 1960, it was one of Michigan’s few remaining independent community hospitals before this transaction. Along with its clinical programs, Garden City also has a strong commitment to medical education, with resident and fellowship positions in a variety of fields. It is also the affiliated training site for numerous Colleges of Osteopathic Medicine.
Prime Healthcare Services
Prime is a 27-hospital investor-owned hospital system based in Ontario, CA. Including the nonprofit Prime Healthcare Foundation and its other related subsidiaries, Prime Healthcare has more than 30,000 employees spread across the states of California, Kansas, Nevada, Pennsylvania, Rhode Island, Texas and now Michigan. Prime was recognized as one of the “Top 15 Health Systems” in the nation in 2013, based on quality in healthcare and patient satisfaction. It is the third time in six years that the system has been recognized.
For additional information, see the Modern Healthcare article here.