Story perspectives

Prime Healthcare Acquires Eight Hospitals for $370 Million

3/1/2025

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Summary

Story summary

Prime Healthcare has acquired eight hospitals and senior care facilities in Illinois from Ascension for over $370 million.
The hospitals will keep their names but will no longer carry the Ascension brand.
An investment of $250 million is planned for upgrades, with job offers extended to nearly all current staff.
The acquisition preserves the hospitals' Catholic affiliation and charity care programs.
Prime has a track record of revitalizing struggling hospitals, despite previous legal challenges.

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Story summary

Prime Healthcare has acquired eight hospitals and senior care facilities in Illinois from Ascension for over $370 million.
The hospitals will keep their names but will no longer carry the Ascension brand.
An investment of $250 million is planned for upgrades, with job offers extended to nearly all current staff.
The acquisition preserves the hospitals' Catholic affiliation and charity care programs.
Prime has a track record of revitalizing struggling hospitals, despite previous legal challenges.