(East Liverpool, OH, Oct. 20, 2015) – River Valley Health Partners
(RVHP) and Prime Healthcare Foundation have signed a definitive agreement
for the acquisition of RVHP.
“The mission of the Prime Healthcare Foundation matches with the
long term mission and vision of RVHP and we look forward to the future
with great pride,” said RVHP Board of Trustees Chairman Pete Wicks.
The agreement includes a commitment from Prime to maintain inpatient services,
strengthen physician recruitment, hire substantially all employees, and
to provide a multimillion dollar capital commitment over the next five years.
“RVHP has provided high quality healthcare to the residents of East
Liverpool for more than a century,” said Prem Reddy, MD, FACC, FCCP,
Chairman, President and CEO of Prime Healthcare Services. “Through
our acquisition of RVHP, we look forward to partnering with physicians,
nurses, employees and the community to preserve this invaluable healthcare
institution for generations to come.”
The acquisition is expected to close in the first quarter of 2016, pending
regulatory review and closing conditions.
The Prime Healthcare Foundation is a non-profit hospital system that operates
seven hospitals in California and Texas. It is affiliated with Prime Healthcare
Services, an award-winning hospital system with 38 acute care hospitals
providing more than 40,000 jobs in 11 states. Together, Prime Healthcare
Services and the Prime Healthcare Foundation are dedicated to providing
the best quality care to the communities they serve and have been recognized
as among the “15 Top Health Systems” three times by Truven
About River Valley Health Partners:
RVHP is an Ohio non-profit corporation comprised of The City Hospital Association,
doing business as East Liverpool City Hospital, a 152 bed acute care hospital;
River Valley Physicians, LLC, comprised of 8 primary care and specialty
offices; and Ohio Valley Home Health Services, Inc. RVHP serves a population
of more than 115,000 from throughout the tri-state area of Ohio, West
Virginia, and Pennsylvania. East Liverpool City Hospital (ELCH) was recently
recognized as a Top Performer on Key Quality Measures® by The Joint
Commission. For more information please visit us at www.elch.org.
About Prime Healthcare Services and Foundation:
Services is an award-winningnationalhospitalsystemwith 38 acute-carehospitalsproviding morethan35,000jobsin11states.
Seven of the hospitals are members of the Prime Healthcare Foundation,
a 501(c)3 public charity. BasedinCaliforniaand oneof the largesthospitalsystemsin the
country,PrimeHealthcareis committedto ensuringaccessto qualityhealthcare.Ithasbeen recognizedas amongthe“100Top Hospitals”in the nation 33 timesandamongthe“15 TopHealthSystems”three times, and is the only"10 TopHealthSystem"westof the Mississippi.Ourhospitalshavebeenrecognized by The JointCommissionamongthe
"TopPerformerson Key QualityMeasures"in 2014.