In the News: Ascension Health completes acquisition of Alexian Brothers Health System

Ascension Health (St. Louis, MO) completed its previously announced acquisition of Alexian Brothers Health System (Arlington Heights, IL), for undisclosed terms, on January 1, 2012. The Illinois Health Facilities and Services Review Board approved the deal and the final agreement was signed in third week of December 2011. Ascension is the nation’s largest Catholic health system, with $15 billion in annual revenue. Alexian is a Catholic healthcare system with nearly $1 billion in annual revenue. The agreement includes Alexian’s two acute care hospitals and two specialty facilities in Chicago, plus senior care facilities in St. Louis, Milwaukee and Chattanooga, TN. Despite Ascension’s headquarters location in St. Louis, Alexian Brothers Landsdowne Village (St. Louis, MO) and Alexian Brothers Sherbrooke Village (St. Louis, MO) will be its first St. Louis-area facilities.

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