Chief Healthcare Executive July 26, 2024
Prime Healthcare has reached a deal to buy Ascension’s hospitals in Illinois. Ascension has been selling some facilities as it looks to improve its financial position.
Prime Healthcare has announced the biggest acquisition in its history, just as Ascension continues to slim down.
Prime has reached a deal to buy Ascension Illinois, which includes the health system’s nine hospitals in the state. The organizations announced the deal Thursday.
Under the deal, Prime would also acquire Ascension’s physician practices, post-acute care facilities and senior living facilities in Illinois.
Several of the hospitals are in and around Chicago, and Prime noted that the system is moving into the nation’s third largest market with the acquisition, its largest ever. Prime also has facilities...
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