Modern Healthcare

Growing a healthcare empire

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1979 Dr. Prem Reddy completes internal medicine residency in New York City

1981 Reddy completes fellowship training in cardiology at Downstate Medical Center, New York City

Reddy and his physician wife move to Apple Valley, Calif., to establish medical practices

1985 Reddy incorporat­es Desert Valley Medical Group in Victorvill­e, Calif.

1990 Reddy founds PrimeCare Internatio­nal, a physician-practice management company

1994 Reddy opens Desert Valley Hospital, Victorvill­e

2001 Prime Healthcare Services is founded

2004 Prime Healthcare Services acquires Chino (Calif.) Valley Medical Center

2006-10 Prime acquires 10 more hospitals in California

2011 Prime makes its first acquisitio­n outside California, buying Harlingen (Texas) Medical Center

2012 Prime acquires five more hospitals, in Nevada, Pennsylvan­ia and Texas

2013 Prime acquires Landmark Medical Center, Woonsocket, R.I., and Rehabilita­tion Hospital of Rhode Island, North Smithfield, as well as three hospitals in Kansas and Texas

Modern Healthcare names Reddy one of its 50 Most Influentia­l Physician Executives

Prime Healthcare Services listed in 15 Top Health Systems by Truven Health Analytics

July 2014 Prime enters deal with Ascension Health for two-hospital Carondelet Health, Kansas City, Mo.

Aug. 2014 Prime buys St. Mary’s Hospital in Passaic, N.J.

Oct. 2014 Prime announces agreement to purchase sixhospita­l Daughters of Charity Health System, Los Altos, Calif.

Nov. 2014 Prime forges deal to expand into Alabama and add a hospital in Las Vegas ... Prime signs deals to acquire six hospitals in California, Michigan, Missouri and Texas

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