Grow­ing a health­care em­pire

Modern Healthcare - - NEWS -

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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