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University of Chicago Medicine’s new facility
University of Chicago Medicine's new facility is set to admit its first patients Feb. 23.

Regional News/Midwest: University of Chicago Medicine to open $700 million replacement hospital next month, and other news

By Modern Healthcare
Posted: January 19, 2013 - 12:01 am ET

CHICAGO—University of Chicago Medicine will open a 10-story, $700 million replacement hospital next month, and officials gave politicians and other VIPs a sneak peek at the hospital last week. The hospital is set to admit its first patients Feb. 23. The new facility, named the Center for Care and Discovery, will serve as the center of the University of Chicago Medicine campus. It replaces a building constructed in 1983. Officials plan to convert the old building into a rehabilitation facility and make all of its rooms private. Workers began construction on the new hospital in 2009. U of C Medicine is covering $500 million of the cost with bond proceeds and the remaining $200 million with cash and donations. The 1.2 million-square-foot research and teaching facility spans two city blocks and includes 21 operating rooms and 240 private patient rooms. The hospital has room for as many as 28 operating rooms and includes nine advanced imaging and interventional procedure suites for services including cardiac and neurological care. The facility will focus on complex specialty care, such as cancer, gastrointestinal diseases and advanced surgeries. Twelve rooms are dedicated to gastrointestinal and pulmonary procedures. Officials stressed the space's flexible nature; two floors have been reserved as expansion space for future technology. Rafael Vinoly Architects and Cannon Design developed the building.

—Ashok Selvam

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CHICAGO—Holy Cross Hospital joined Sinai Health System in Chicago, completing a deal stemming from a letter of intent signed in September. Holy Cross will retain its Catholic ties and continue to comply with the Roman Catholic Church's ethical and religious directives. Sinai will pay Sisters of St. Casimir, Holy Cross' religious sponsor, an annual stewardship fee of $300,000, according to documents filed with the Illinois Health Facilities and Services Review Board. Sinai is affiliated with the Jewish United Fund/Jewish Federation of Metropolitan Chicago. For-profit Vanguard Health Systems, Nashville, three years ago backed away from an $18.7 million deal to buy Holy Cross. Local Catholic officials struggled to find a buyer for the 160-bed safety net hospital on the city's southwest side and worried that nearby hospitals wouldn't be able to handle the influx of patients if Holy Cross were to close. Holy Cross recorded operating income of $1.7 million on $94.6 million in net patent service revenue in its fiscal 2011, ended June 30, according to documents filed with the state board. Sinai finished its fiscal 2011, also ended June 30, with operating income of $629,000 on $376 million in net patient service revenue.

—Ashok Selvam

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