Prime Healthcare is acquiring Franciscan Health Olympia Fields to enhance community healthcare access and advance medical education in Illinois.

Information on the Target

Prime Healthcare has announced its intention to acquire Franciscan Health Olympia Fields, marked by an asset purchase agreement with Franciscan Alliance. This acquisition will establish Franciscan Health Olympia Fields as the ninth hospital under Prime's care in Illinois, further solidifying their mission-driven presence in the Chicagoland area. With 214 beds, Franciscan Health Olympia Fields has been a vital healthcare provider in the South Suburbs for over twenty years, serving the community's diverse medical needs.

As the only hospital operated by Franciscan Alliance in Illinois, Franciscan Health Olympia Fields has garnered a strong reputation for its commitment to community health. The hospital has played a significant role in preserving accessible, quality healthcare in a region characterized by a unique demographic and medical landscape.

Industry Overview in Illinois

The healthcare industry in Illinois is multifaceted, comprising a mix of public and private entities dedicated to providing comprehensive medical services. The demand for healthcare services ha