{"id":10040,"date":"2021-06-14T08:35:20","date_gmt":"2021-06-14T08:35:20","guid":{"rendered":"https:\/\/premreddy.com\/?p=10040"},"modified":"2023-06-27T18:44:40","modified_gmt":"2023-06-27T18:44:40","slug":"dr-prem-reddy-prime-healthcare-services-inc","status":"publish","type":"post","link":"https:\/\/premreddy.com\/dr-prem-reddy-prime-healthcare-services-inc\/","title":{"rendered":"Dr. Prem Reddy &#8211; Prime Healthcare Services Inc."},"content":{"rendered":"<h4><strong><u>Chairman, Chief Executive and President<\/u><\/strong><\/h4>\n<p><label><b>THE LATEST:<\/b>\u00a0<\/label>In August,\u00a0<a href=\"https:\/\/www.primehealthcare.com\/News.aspx\" target=\"_blank\" rel=\"noopener\">Prime Healthcare<\/a>\u00a0received final approval to complete its $350 million-plus acquisition of\u00a0<a href=\"https:\/\/www.stfrancismedicalcenter.com\/\" target=\"_blank\" rel=\"noopener\">St. Francis Medical Center<\/a>\u00a0in Lynwood from bankrupt Verity Health System of California Inc. In July, six Prime Healthcare hospitals, including Sherman Oaks Hospital, made IBM Watson Health\u2019s list of the nation\u2019s top 100 hospitals for clinical quality.<\/p>\n<p><label><b>BACKGROUND:<\/b>\u00a0<\/label>Dr. Prem Reddy is a cardiologist who founded Prime Healthcare in 2001 with a mission to buy hospitals in financial distress and improve their financial condition so they could keep their doors open and continue to treat patients. Headquartered in Ontario, the company has grown to 46 hospitals in 14 states &amp;emdash; including six in Los Angeles County &amp;emdash, and has become the fifth-largest for-profit health system in the nation.\u00a0<a href=\"https:\/\/labusinessjournal.com\/LA500\/health-care\/2021\/prem-reddy\/\" target=\"_blank\" rel=\"noopener\">Dr. Prem Reddy<\/a>\u00a0this year serves as the board chairman of the American Federation of Hospitals; the federation\u2019s top goal this year is to secure more federal aid for hospitals that have had to deal with the Covid crisis.<br \/>\n<label><b>YEARS ON THE LA500:<\/b>\u00a02<\/label><br \/>\n<em><a href=\"https:\/\/labusinessjournal.com\/news\/la500\/2021\/\" target=\"_blank\" rel=\"noopener\">Return to the 2021 edition of the LA500.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairman, Chief Executive and President THE LATEST:\u00a0In August,\u00a0Prime Healthcare\u00a0received final approval to complete its $350 million-plus acquisition of\u00a0St. Francis Medical Center\u00a0in Lynwood from bankrupt Verity Health System of California Inc. In July, six Prime Healthcare hospitals, including Sherman Oaks Hospital, made IBM Watson Health\u2019s list of the nation\u2019s top 100 hospitals for clinical quality. BACKGROUND:\u00a0Dr. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/posts\/10040"}],"collection":[{"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/comments?post=10040"}],"version-history":[{"count":3,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/posts\/10040\/revisions"}],"predecessor-version":[{"id":10052,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/posts\/10040\/revisions\/10052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/media\/11943"}],"wp:attachment":[{"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/media?parent=10040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/categories?post=10040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/premreddy.com\/wp-json\/wp\/v2\/tags?post=10040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}