Prime Healthcare deal to buy six Roman Catholic hospitals collapses

March 10, 2015 8:43 PM

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

The Ontario-based chain of 30 hospitals nationwide decided against the $843-million purchase of the hospitals, which include St. Vincent Medical Center and St. Francis Medical Center in L.A. County, according to a memo to employees from the hospitals' chief executive.

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