March 4 at 4:12 p.m.
Filed under:
Hospitals,
Updated
By Bruce Japsen
Amid the rapidly changing health care landscape that demands large amounts of cash to provide consumers with the latest bells and whistles, Loyola University Chicago said Friday afternoon that it will get out of the hospital business by selling its medical center complex to a large national Catholic hospital operator.
The market is demanding more from hospital operators to stay competitive. By merging, hospitals can pool capital to buy new computer systems, electronic record-keeping systems and the latest medical technology something that Loyola executives say will be easier as part of a larger entity. Get the full story »
Dec. 13, 2010 at 10:52 a.m.
Filed under:
Health care
By Bruce Japsen
The parent of Loyola University Medical Center in west suburban Maywood wants to partner with another Catholic-owned medical-care provider, the large academic medical center confirmed this morning.
Dr. Paul Whelton told Loyola University Health System employees in a memo Friday that Loyola would “explore options .. from a position of strength” and Catholic medical-care providers would be part of its partnership discussions. The Tribune last week confirmed Loyola was evaluating whether to merge with another health care system. Get the full story »
Dec. 9, 2010 at 2:00 p.m.
Filed under:
Health care,
M&A
By Bruce Japsen
Loyola University Health System, parent of Loyola University Medical Center in west suburban Maywood, is evaluating whether to merge with another health care system, according to sources close to the west suburban teaching hospital.
Reached this afternoon, medical center executives issued a statement saying details of their discussions are confidential. The Catholic hospital, located in west suburban Maywood, is one of five large academic medical centers in the Chicago area. Get the full story »
