Prime Healthcare Secures State Approval to Buy Struggling Franciscan Health Olympia Fields for $7 Million

Prime Healthcare secures state approval to buy struggling Franciscan Health Olympia Fields for $7 million

The hospital lost $54 million in 2020, $66 million in 2021, $61 million in 2022, $96 million in 2023 and $47 million in 2024, averaging an annual loss of more than $65 million during that five-year period, according to an…

Prime Healthcare earns unanimous approval for purchase of Franciscan Olympia Fields hospital - HF Chronicle

Prime Healthcare received unanimous approval Tuesday, April 14, from the Illinois Health Facilities and Services Review Board for the purchase of Franciscan Health Olympia Fields. The 8-0 vote reflects confidence in Prime Healthcare’s proven ability to strengthen hospitals, preserve access to care and deliver on commitments made to communities across Illinois, Prime officials said. The official transition to Prime Healthcare is expected to take …