Illinois

CHICAGO — Prime Healthcare has agreed to acquire nine hospitals and associated physician practices in Illinois, as well as five post-acute and senior living facilities, from St. Louis-based Ascension. The properties are largely located in Chicago and its surrounding suburbs. The transaction is expected to close in the first quarter of 2025, subject to standard regulatory and canonical approvals, as Ascension is a Catholic health system. The price was not disclosed. The acquisition includes the following Ascension hospitals: Prime Healthcare also acquired multiple post-acute and senior living facilities operated by …

CREST HILL, Ill. ­— Senior Living Investment Brokerage has arranged the sale of Willow Falls, a seniors housing community in Crest Hill, approximately 35 miles southwest of downtown Chicago. The Class A, newer construction asset features 76 units of independent living, 81 units of assisted living and 31 units of memory care on approximately 2.5 acres.  The seller was a Midwest-based institutional capital provider. The buyer is a Midwest-based owner-operator looking to strategically add to its existing footprint throughout the Midwest. The price was not disclosed. Ryan Saul and Bradley …

CHICAGO — Senior Living Investment Brokerage has arranged the sale of a 188-unit independent living, assisted living and memory care community in a southern submarket of Chicago. The seller was a Midwest-based institutional capital provider. The buyer was a Midwest-based owner-operator looking to strategically expand its existing footprint throughout the Midwest. Further details were not disclosed. Brad Clousing, Daniel Geraghty, and Ryan Saul led the transaction for SLIB.