The Illinois Health Facilities and Services Review Board has approved a landmark transaction for Ascension to sell nine hospitals and two ASCs to Prime Healthcare for $375 million. Here are five ...
The deal comes amid two years of steep financial losses for Ascension — the hospital operator posted a $1.1 billion net loss in 2024 and a $2.7 billion net loss in 2023. Although the transaction is ...
A spokesperson for Ascension said the system was grateful for the board’s “unanimous decision,” adding the sale will “preserve jobs and ensure needed healthcare access across Chicagoland.” ...
A state board has approved Ascension's plan to sell nine of its Illinois hospitals for more than $370 million to a large California-based health system. The state Health Facilities and Services Review ...