Prime Healthcare expands mission with historic acquisition of Ascension Illinois' nine hospitals
Acquiring Company
Prime Healthcare
Acquired Company
Ascension Borgess
OntarioBrooklynHealth CareMedicalNon ProfitOtherHealth CareMedicalDescription
Prime Healthcare has entered into an asset purchase agreement with Ascension Illinois for the sale of nine hospitals, associated physician practices, post-acute and senior living facilities. This acquisition will be the largest in the history of Prime Healthcare and the Prime Healthcare Foundation, reinforcing their mission of saving, improving, and investing in community hospitals.
Quick answer
Prime Healthcare is acquiring Ascension Borgess, announced July 25, 2024. Prime Healthcare is based in Ontario, California, United States.
- How much did Prime Healthcare pay for Ascension Borgess?
- The deal value was not disclosed.
- What does Prime Healthcare do?
- Prime Healthcare is an award-winning national health system recognized for clinical excellence, health equity, and social responsibility.
- Where are Prime Healthcare and Ascension Borgess based?
- Prime Healthcare is based in Ontario, California, United States. Ascension Borgess is based in Brooklyn, New York, United States.
- Who are the decision-makers at Prime Healthcare?
- Fundz holds 3 contacts at Prime Healthcare. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Ascension Borgess?
Ascension Borgess was acquired by Prime Healthcare, based in Ontario. The deal was reported on July 25, 2024. Prime Healthcare is an award-winning national health system recognized for clinical excellence, health equity, and social responsibility. Prime Healthcare is privately held and operates in Health Care.
When did Prime Healthcare acquire Ascension Borgess?
Prime Healthcare's acquisition of Ascension Borgess was reported on July 25, 2024. Prime Healthcare has entered into an asset purchase agreement with Ascension Illinois for the sale of nine hospitals, associated physician practices, post-acute and senior living facilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ascension Borgess do?
Ascension Borgess is a healthcare provider based in Michigan, part of Ascension, one of the largest nonprofit health systems in the U.S. They provide a wide range of healthcare services, including emergency services and specialized care. It is privately held, operating in Other, and is based in Brooklyn.
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