E-012-25 North Shore Endoscopy Center
NOTICE OF AN OPPORTUNITY FOR PUBLIC COMMENT AND REQUEST FOR PUBLIC HEARING
Following the Illinois Health Facilities Planning Act requirements, notice is hereby given of the receipt of an application for exemption for a change of ownership of North Shore Endoscopy Center, 101 S. Waukegan Road, Lake Bluff, Illinois. The transaction is considered a stock transfer resulting in no change in the current licensee (#E-012-25). The fair market value of the transaction is $22,889,000. The Applicants are The Lake Bluff IL. Endoscopy ASC, LLC d/b/a North Shore Endoscopy Center, Ambulatory TopCo, LLC., and Ascension Health Alliance. The owner of the site is JEA Lake Bluff, LLC.
Ascension Health Alliance, through its wholly owned subsidiary Project Bluegrass Holdco, LLC, entered into an Equity Purchase Agreement dated June 16, 2025, for Ascension to acquire the ownership interests in co-applicant Ambulatory TopCo LLC. The Transaction will not result in any change to the governance controlling body, location, officers, staffing, or assets or liabilities of any of Illinois’ facilities. Each of the Illinois ASTCs is currently indirectly owned in part by Ambulatory TopCo and the remainder by practicing physicians. Under the Purchase Agreement, upon satisfaction of the closing conditions. Ascension will purchase all of the issued and outstanding membership Interests of Ambulatory TopCo. Thereafter, Ascension will be an indirect, partial owner of each of the Illinois ASTCs.
This exemption application was called substantially complete on July 31, 2025. Written requests (no emails or faxes will be accepted) for a public hearing must be received by the Illinois Health Facilities and Services Review Board by August 15, 2025. The Application can be viewed at the offices of the Illinois Health Facilities and Services Review Board at the address below or the State Board’s website https://hfsrb.illinois.gov/
Illinois Health Facilities and Services Review Board
525 West Jefferson Street (2nd Floor)
Springfield IL 62761
217-782-3516
(TTY #800-547-0466 for hearing impaired only)