PHILADELPHIA--(BUSINESS WIRE)--Prime Healthcare, one of the nation’s leading health systems, has initiated plans for its two Pennsylvania hospitals to become nonprofit hospitals with ownership assumed by the Prime Healthcare Foundation, a 501(c)(3) public charity. This conversion, planned to take place in the summer of 2024, would make all Prime Healthcare hospitals in Pennsylvania nonprofit and create shared unity to address community needs under the Prime Healthcare Foundation. The Prime Healthcare Foundation has 14 hospitals across the country dedicated to providing quality, compassionate healthcare and serving communities through charitable and educational initiatives.

Roxborough Memorial Hospital in Philadelphia, PA and Lower Bucks Hospital in Bristol, PA will convert to not-for-profit status as members of the Prime Healthcare Foundation. The transaction will result in Prime Healthcare Foundation owning and operating all three Pennsylvania hospitals of Prime Healthcare, including Suburban Community Hospital in East Norriton, PA. This will improve care coordination between the three facilities and aligns with statewide policy initiatives regarding not-for-profit ownership.

Established in 2006, the Prime Healthcare Foundation includes 14 hospitals in California, Texas, Ohio, Georgia, Pennsylvania, and Rhode Island. The Prime Healthcare Foundation has more than $1.3 billion in assets and has provided more than $3 billion in charity care, sponsoring local and global initiatives to improve the lives of others. The Foundation is award winning for quality, health equity, social responsibility, and price transparency, with its hospitals named among the nation’s “100 Top Hospitals” and recognized for patient safety excellence by The Leapfrog Group and Healthgrades.

“As not-for-profit healthcare providers, we look forward to engaging the community to develop community health needs assessments that will further improve the health and well-being of all those we serve,” said Sonia Mehta, MD, CEO and Chief Medical Officer of Prime Healthcare Region II. “Prime’s hospitals are valued community assets, and we are focused on ensuring that much needed care is provided in the way the community needs and deserves, with high quality and affordable healthcare.”

Prime Healthcare has invested time and time again into hospitals and creating valued community assets that are award winning for their quality of care and patient safety. Significant improvements totaling nearly $100 million have been made into Prime’s Pennsylvania hospitals since they were acquired by Prime, including new emergency rooms, intensive care units, upgraded IT infrastructure with EPIC system installation at all three facilities, lab and radiology equipment, inpatient rehab and more.

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