Franciscan Health Olympia Fields Acquired by Prime Healthcare | Healthcare M&A Deal

Prime Healthcare has acquired Franciscan Health Olympia Fields, a hospice business in Illinois, for an undisclosed amount. Franciscan Health Olympia Fields operates hospital services in Olympia Fields, supporting hospice care and related post-acute needs for patients in the Chicago area. Prime Healthcare acquisitions expand its healthcare M&A footprint in Illinois by adding hospice capacity through an IL acquisitions add on acquisition. The Illinois Health Facilities and Services Review Board approved the Franciscan Health Olympia Fields acquisition, with Prime Healthcare expected to transition operations on May 1. The deal is an announced add-on acquisition led by a private equity acquisition strategy to grow Prime Healthcare’s provider network.