PRV Province Healthcare Company

Province Healthcare Completes Acquisition of New Mexico Hospital BRENTWOOD, Tenn., June 2 /PRNewswire-FirstCall/ -- Province Healthcare Company (NYSE:PRV) today announced that it has completed the acquisition, through a long-term lease, of Memorial Medical Center in Las Cruces, New Mexico. The 286-bed hospital was acquired, effective June 1, 2004, from The City of Las Cruces, New Mexico and The County of Dona Ana for approximately $150 million. Memorial Medical Center currently has annualized revenues of approximately $144 million and serves an area of approximately 250,000 people. Province Healthcare is a provider of health care services in attractive non-urban markets in the United States. The Company owns or leases 20 general acute care hospitals in 12 states with a total of 2,486 licensed beds. The Company also provides management services to 36 non-urban hospitals in 14 states with a total of 3,033 licensed beds. DATASOURCE: Province Healthcare Company CONTACT: Pamela L. Jeter, Vice President, Investor Relations of Province Healthcare Company, +1-615-370-1377 Web site: http://www.provincehealthcare.com/

Copyright