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Prime Healthcare acquires Olympia Fields hospital for $7M

PRIVATEApr 14, 2026

Acquiring Company

Prime Healthcare

Acquired Company

Franciscan Health Olympia Fields

OntarioMishawakaHealth CareMedicalNon ProfitHealth CareMedical

Description

The Illinois Health Facilities and Services Review Board approved the sale of Franciscan Health Olympia Fields hospital to Prime Healthcare for nearly $7 million. Prime Healthcare aims to sustain and improve the hospital, addressing ongoing financial challenges. The acquisition follows Prime's strategy to enhance care at struggling facilities.

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Company Information

Company

Prime Healthcare

Location

Ontario, California, United States

About

Prime Healthcare is an award-winning national health system recognized for clinical excellence, health equity, and social responsibility. With a strong tradition of ensuring health equity and social responsibility, Prime Healthcare has a mission of saving, improving, and investing in community hospitals.

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Frequently asked

Who acquired Franciscan Health Olympia Fields?

Franciscan Health Olympia Fields was acquired by Prime Healthcare, based in Ontario. The deal was reported on April 14, 2026. 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 Franciscan Health Olympia Fields?

Prime Healthcare's acquisition of Franciscan Health Olympia Fields was reported on April 14, 2026. The Illinois Health Facilities and Services Review Board approved the sale of Franciscan Health Olympia Fields hospital to Prime Healthcare for nearly $7 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Franciscan Health Olympia Fields do?

Franciscan Health Olympia Fields is a healthcare ministry in the South Suburban Chicagoland region, dedicated to providing the highest level of care to the patients. It is privately held, operating in Health Care, and is based in Mishawaka.

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