Lexology January 10, 2025
- The sale of Ascension’s 11 Illinois hospitals for $375M to Prime Healthcare has received regulatory approval. The transaction is part of Ascension’s strategic realignment of its health care facilities to focus on outpatient care.
- Advocate Health Care, the largest health system in Illinois, plans to invest $1B over the next decade to expand its presence on Chicago’s South Side, including the construction of a new $300M hospital to replace the 115-year-old Advocate Trinity Hospital.
- A recent article predicted trends in the senior housing industry for 2025. The predictions include: (1) a move away from third-party marketing websites to prioritize in-house strategies; (2) increases in REIT senior housing operating portfolios via RIDEA conversions; (3) a mid- to late-year pickup in...