The Illinois Health Facilities and Services Review Board on Dec. 17 unanimously approved Ascension’s plan to sell nine hospitals — more than half of its hospitals in the state — and several post-acute facilities to Ontario, Calif.-based Prime Healthcare. The $375 million transaction now needs approval from the Archdiocese of Chicago since St. Louis-based Ascension is a Catholic health system. The Ascension hospitals would be Prime’s first in Illinois and increase the number of hospitals in its overall portfolio to 53. Four post-acute and senior living facilities and two ambulatory surgery centers are also included in the planned sale.
Read the full article: Illinois OKs Prime’s Plan to Buy 9 Ascension Hospitals //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/illinois-oks-primes-plan-to-buy-9-ascension-hospitals.html