Senior Housing News July 26, 2024
Prime Healthcare has agreed to buy a small handful of Ascension Living communities as well as nine hospitals belonging to the larger Ascension health system.
Prime is with the deal picking up four Ascension Living communities for senior living and care residents in Aurora, Joliet, Kankakee and Park Ridge, Illinois. The deal also included nine hospitals in the state. The acquisition is the largest transaction the nonprofit has completed to date, according to a press release about the deal.
Terms of the deal were not disclosed, and the parties involved expect it to close in the first quarter of 2025.
Ascension analyzed Prime Healthcare’s values and ethics as a company before choosing it to take on the company’s Illinois properties....
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