Prime Healthcare has acquired Franciscan Health Olympia Fields, marking its ninth hospital in Illinois, in a strategic move to enhance community health services and operational excellence.

Target Overview

Prime Healthcare, headquartered in Ontario, California, aims to enhance its presence in Illinois through the acquisition of Franciscan Health Olympia Fields, located in Mishawaka, Indiana. This asset purchase agreement, finalized on January 16, positions this facility as Prime's ninth hospital in Illinois, following their acquisition of eight facilities from Ascension in March 2025.

The facility, which comprises 214 beds, will be integrated into Prime's healthcare system. As part of the agreement, Prime will also acquire Specialty Physicians of Illinois and invest an additional $5 million to support the expansion of medical education at Franciscan. Furthermore, Prime has committed to retaining “substantially all employees” from the Olympia Fields facility.

Industry Overview in Illinois

The healthcare sector in Illinois is experiencing transformative changes, driven by financial challenges faced by community hospitals and the increasing demand for high-quality healthcare services. The state has seen a wave of acquisitions an