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Tuesday, July 14, 2020
Tue, Jul 14th, 2020
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Mike Sarian
Chief Operating Officer
Prime Healthcare Services Inc.
THE LATEST: In April, Sarian gained another hospital to oversee as Prime Healthcare purchased St. Francis Medical Center in Lynwood out of bankruptcy for more than $350 million. St. Francis was one of six hospitals in California owned by El Segundo-based Verity Health System, which filed for bankruptcy protection in August 2018. Late last year, Prime Healthcare made a hostile-takeover offer for Prospect Medical Holdings Inc. and its six hospitals; so far, the bid has languished.
BACKGROUND: Sarian came to Prime in 2012 after serving as president of operations at Prospect Medical Holdings Inc. in Palms and as chief executive of Heritage Medical Group in Harrisburg, Pa. Prime Healthcare was founded in 2001 and has expanded to 45 hospitals nationwide, making it the fifth-largest hospital chain in the nation. Sarian also serves on the executive board of the California Hospital Association as well as on the board of the Venice Family Clinic.
YEARS ON THE LA500: 2
Return to the 2020 edition of the LA500.
