Prime Healthcare deal for 6 hospitals collapses; bankruptcy is an option

March 11, 2015 2:26 AM

6 1

Prime Healthcare Services Inc.'s proposed deal to buy six financially struggling Catholic hospitals has collapsed, raising questions about how the nonprofit chain will keep its doors open.

On Tuesday, Ontario-based Prime Healthcare blamed California Atty. Gen. Kamala Harris for imposing "impossible" conditions on its planned purchase — which included St. Vincent Medical Center and St. Francis Medical Center in L.A. County.

Read more

To category page