The Illinois Health Facilities and Services Review Board approved Ontario, Calif.-based Prime Healthcare’s acquisition of Franciscan Health Olympia Fields (Ill.).
The 214-bed hospital is expected to transition to Prime on May 1, according to an April 14 news release shared with Becker’s.
Prime Healthcare entered an agreement in January to acquire the hospital and and Specialty Physicians of Illinois from Mishawaka, Ind.-based Franciscan Alliance. Prime said it plans to offer jobs to “substantially all employees” at Olympia Fields.
Olympia Fields is set to become Prime’s ninth Illinois hospital and 55th overall. In March 2025, the health system acquired eight Illinois facilities from St. Louis-based Ascension. Prime said that in the first year of ownership, it invested more than $104 million in the eight hospitals to enhance clinical care and operations, modernize infrastructure and expand service lines.
“We are grateful for the trust placed in us today and dedicated to ensuring that Franciscan Health Olympia Fields remains a pillar of care while growing as a trusted community partner,” Prime Healthcare President and Chief Medical Officer Sunny Bhatia, MD, said in the release. “By investing in people, patients and community, we are fulfilling our promise of saving hospitals, saving jobs and saving lives.”
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