Lexology January 10, 2025
Hall Render Killian Heath & Lyman PC

  1. 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.
  2. 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.
  3. 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...

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Topics: Mergers & Acquisitions / JV, Post-Acute Care, Provider, Trends
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