St. Mary's Hospital and Prime Healthcare Services recently announced they reached an agreement for Prime Healthcare to purchase the Passaic-based hospital.
Prime Healthcare will make a significant investment in order to financially stabilize St. Mary's Hospital and allow St. Mary's to continue its mission to serve the people of Passaic and the surrounding communities. The purchase must be approved by New Jersey's Department of Health as well as the state's Attorney General.
Prime Healthcare, an award winning health system, was nationally recognized in 2012 as one of the "15 Top Health Systems in the Nation" by Thomson Reuters, based on quality of healthcare and patient satisfaction. It was also recognized as a top health system in 2009. Five Prime Healthcare hospitals were also ranked among the "100 Top Hospitals in the Nation" in 2012.
Recently, The Joint Commission, the leading Medicare accreditation organization in the country, announced that eight Prime Healthcare hospitals earned national recognition as "Top Performer on Key Quality Measures" (Top 18 percent).