Layoff, job cut fears drive opposition of Prime acquisition

A hospital chain's bid to acquire six California hospitals faces opposition, the Los Angeles Times reported. Last week, union representatives, healthcare workers and elected officials demonstrated against Prime Healthcare Services Inc.'s proposed acquisition in front of St. Vincent Medical Center, one of the six hospitals up for sale. Those opposing the acquisition said Prime has a reputation for buying embattled healthcare providers and then implementing service cuts, price increases and layoffs. Despite these fears, the group wants a buyer that will keep its pension system intact, Robert Issai, president and CEO of the Daughters of Charity Health System, which currently owns the six hospitals up for sale, told the Times. Article

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