Legacy Healthcare acquires St. Matthew Center for Health

Lincolnwood, Ill.-based Legacy Healthcare has acquired Park Ridge, Ill.-based St. Matthew Center for Health, part of Lutheran Social Services of Illinois, for $10.5 million and renamed the facility Avantara Park Ridge.

Advertisement

Avantara Park Ridge will provide rehabilitation services and post hospital nursing. “The Avantara brand focuses on creating care, intimate and unforgettable patient experiences, so we are eager to open our doors and welcome guests to discover a new way to recover in post hospital rehabilitation,” said Michael Manuel, vice president of business development and strategy at Legacy Healthcare, in a news release.

In the past year, Legacy Healthcare has also acquired Warren Barr Gold Cost in Chicago, Arlington Long Grove (Ill.), Aurora (Ill.) Rehabilitation and Nursing and Warren Barr North Shore in Highland Park, Ill.

More articles on healthcare industry transactions:

Ascension signs letter of intent to sell 2 Missouri hospitals to Prime Healthcare Services
5 recent hospital transactions and partnerships
United Memorial, Clifton Springs Hospital expected to join Rochester Regional this year

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.