Becker's Healthcare December 18, 2024
The Illinois Health Facilities and Services Review Board has approved a landmark transaction for Ascension to sell nine hospitals and two ASCs to Prime Healthcare for $375 million.
Here are five things to know:
1. The deal requires final approval from the Archdiocese of Chicago since St. Louis-based Ascension is a Catholic health system.
2. This acquisition would mark Prime Healthcare’s entry into Illinois, adding nine hospitals to its portfolio and bringing its total to 53 facilities across the U.S.
3. Prime Healthcare has committed $250 million to facility upgrades, technology improvements, and system modernization. This includes transitioning all acquired...
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