Prime Healthcare Agrees to Acquire 14 Ascension Healthcare Properties in Metro Chicago, Plans $250M in Improvements

  • 7/26/2024

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Prime Healthcare has agreed to acquire nine hospitals and associated physician practices in Illinois, as well as five post-acute and senior living facilities, from St. Louis-based Ascension. The properties are largely located in Chicago and its surrounding suburbs.

The transaction is expected to close in the first quarter of 2025, subject to standard regulatory and canonical approvals. The price was not disclosed. The acquisition includes the following Ascension hospitals:

Holy Family in Des Plaines
Ascension Mercy in Aurora
Ascension Resurrection in Chicago
Ascension Saint Francis in Evanston
Ascension Saint Joseph in Joliet
Ascension Saint Joseph in Elgin
Ascension Saint Mary in Kankakee
Ascension Saint Mary and Saint Elizabeth in Chicago

Ascension Health Systems
Eduardo Conrado | President
Prime Healthcare
Charles Kim | VP, Real Estate & Asset Management

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