Tenet selling Chicago-area hospitals
Financially-strapped Tenet Healthcare has sold one of its hospitals in the Chicago area and is looking for buyers for three more, according to the Chicago Tribune.
The first buyer it found is Loyola Medicine, which will take over the 368-bed MacNeal Hospital in Berwyn, Illinois, for an undisclosed amount. As part of the deal, Loyola will also acquire Chicago Health System, a 1,000-provider independent practice association.
“We would see not just bringing cases here, but also being able to do more closer to where people live,” said Loyola University Health System President and CEO Larry Goldberg.
The other three hospitals Tenet is shopping around are Weiss Memorial Hospital in Chicago, Westlake Hospital in Melrose Park and West Suburban Medical Center in Oak Park. The for-profit system had said in September it was seeking to divest of eight hospitals in the U.S. and nine hospitals and clinics in the United Kingdom.
Read the full article at the link below:
John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.