Glendora Community Hospital becomes a non-profit facility

Prime Healthcare Services today announced that it has donated Glendora Community Hospital, a 128-bed bed acute care hospital located in Glendora, California, to the Prime Healthcare Foundation, a 501(c)(3) not-for-profit public charity. The hospital was donated free of any existing debt.

The move will allow Glendora Community Hospital to broaden its reach in the community, and continue to serve all members of the East San Gabriel Valley and beyond in a compassionate and caring manner.

"Prime Healthcare believes that exceptional healthcare should be part of every community," said Prem Reddy, M.D., FACC, FCCP, Chairman, President and CEO of Prime Healthcare Services and founder of the Foundation. "The decision to convert Glendora Community Hospital to a not-for-profit hospital was based on our desire to better serve the residents who rely on the hospital for quality health care."

"With Glendora Community Hospital becoming a non-profit hospital, we look forward to continuing our mission of providing quality and compassionate care to our patients and community," said Oliver Solomon, MD, Chief Medical Officer of Glendora Community Hospital.

The Prime Healthcare Foundation, founded by Dr. Reddy and his family in 2008, is dedicated to improving access to healthcare and increasing educational opportunities in healthcare. The Foundation has donated millions of dollars to support free community clinics, non-profit organizations, scholarships and academic programs in healthcare.

Including Glendora Community Hospital, the Foundation owns and operates eight hospitals in California and Texas. The hospitals were all donated to the Foundation debt free and have transformed into successful community assets. The Foundation maintains net assets of more than $700 million dollars, entirely donated by Dr. Reddy.

With an initial contribution of $40 million, the Prime Healthcare Foundation is also supporting a new not-for-profit medical school, the California University of Science and Medicine, in San Bernardino County.