DOTmed July 26, 2024
Prime Healthcare has entered into an agreement to acquire nine hospitals from Ascension Illinois, in addition to four physician practices and senior living facilities, marking its largest acquisition to date.
Prime Healthcare, based in Ontario, California, is poised to complete the acquisition by Q1 2025, pending regulatory approval, including a $250 million investment in facility upgrades and technology.
The hospitals involved are Ascension Holy Family (Des Plaines), Ascension Mercy (Aurora), Ascension Resurrection (Chicago), Ascension Saint Francis (Evanston), Ascension Saint Joseph (Joliet and Elgin), Ascension Saint Mary (Kankakee), and Ascension Saint Mary and Saint Elizabeth (Chicago). Senior living facilities include Fox Knoll Village (Aurora), Villa Franciscan Place (Joliet), Heritage Village and Heritage Lodge (Kankakee), and Resurrection Place (Park Ridge).
Prime plans...
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