Only a few years ago, Prime Healthcare Services had a reputation as a rogue company with an untenable business model.
The chain, founded by Indian-born cardiologist Dr. Prem Reddy, gained notoriety for taking over failing hospitals and resuscitating them by canceling contracts with health insurers so it can jack up the bills rather than be stuck with low, discounted rates that medical providers typically accept. That model won it critics, as well as mounting legal dispu... (continued)
Dec. 27, 2009
Mike Sarrao
Vice president and general counsel of Prime Healthcare Inc. Ontario
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