The following is a press release from Prime Healthcare Services:
Prime Healthcare Services announced Wednesday that it completed the purchase of Lower Bucks Hospital, a 156-bed acute care hospital located in Bristol Township. This is Prime Healthcare's second acquisition in Pennsylvania.
Lower Bucks Hospital is a leading hospital located in historic Bristol. The hospital was founded by a community grassroots movement in 1954. With more than 400 physicians and over 1,400 employees and volunteers, the hospital is known for its outstanding medical staff, skilled and compassionate nurses, the very latest in advanced technology and a state-of-the-art, beautifully wooded 36-acre medical campus.
"This just completed acquisition, along with the earlier one of Roxborough Memorial Hospital, will allow Prime Healthcare to continue following its mission of saving hospitals, saving jobs and saving lives in the state of Pennsylvania," said Prem Reddy, MD, FACC, FCCP, Chairman, President and CEO of Prime Healthcare Services.
Prime Healthcare will maintain all services, including the emergency department, invest at least $10 million for needed capital improvements, and hire all employees and maintain all collective bargaining agreements. In addition, Prime Healthcare will form a local governing board, consisting of medical staff and community leaders, assume all healthcare contracts and liabilities and provide the same level of charity care for indigent and low-income patients.
"Lower Bucks Hospital is a vital healthcare provider in this community," said Albert Mezzaroba, President and CEO of Lower Bucks Hospital. "With the experience that Prime Healthcare brings, as one of the Top 15 Health Systems in the nation, the hospital will continue its mission of delivering high quality healthcare in a cost effective manner."