CHICAGO -- A Roman Catholic healthcare system in Chicago agreed to acquire just one of an Indiana-based Catholic system's two Illinois hospitals. Resurrection Health Care of Chicago last week closed its acquisition of St. Francis Hospital of Evanston (Ill.) and its related facilities from its sponsoring order, Sisters of St. Francis of Perpetual Adoration of Mishawaka, Ind. The deal doesn't include Sisters of St. Francis' St. James Hospital and Health Centers in Chicago Heights, Ill., because executives said it is better geographically suited for nearby northwest Indiana facilities sponsored by the Mishawaka-based system. A merger of all four of those hospitals was disbanded last year. "This new arrangement will allow the market repositioning of facilities into the respective healthcare systems so that financial, managerial and ministry resources can best be deployed for the good of the communities we serve," said Joseph Toomey, president and chief executive officer of Resurrection Health Care. "This will strengthen and solidify Catholic healthcare on the north side of Chicago and surrounding suburbs." Resurrection, sponsored by Sisters of the Resurrection of Chicago, already includes two Chicago hospitals: Resurrection Medical Center and Our Lady of the Resurrection Medical Center. With suburban St. Francis, the Resurrection system has assets of $815 million and annual revenues of $991 million.
OAK BROOK, Ill. -- Oak Brook-based Advocate Health Care said it has agreed to sell two nursing homes to Kankakee, Ill.-based Cor Unum. Terms were not disclosed. The sales are expected to be completed by year-end. Advocate said it is selling its 124-bed Advocate Pine View Care Center in St. Charles, Ill., and its 107-bed Advocate Geneva (Ill.) Care Center because they are not located near any of its eight acute-care hospitals. Cor Unum is the long-term-care company of ServantCor, which operates seven hospitals and 11 long-term-care and residential facilities in Illinois. ServantCor has requested that the state allow it to change its name to Provena Health and Cor Unum's name to Provena Senior Services.
ST. LOUIS -- SSM Health Care and Monsanto Co., both based in St. Louis, are starting a $1.7 million joint venture to develop WellBridge health and fitness centers in St. Louis. WellBridge, a subsidiary of Monsanto, now operates four such centers in Boston and one in Baltimore. The centers offer fitness and conditioning, swimming, physical therapy, cardiac rehabilitation, spa services and a health food cafe. The target market is "the aging baby boomers of St. Louis," and their attendant weight, nutrition, heart, arthritis and other problems. The product will be marketed as WellBridge Centers by SSM Health Care. Costs will be split equally between Monsanto and SSM. Monsanto makes agricultural products, pharmaceuticals and food ingredients. SSM, a Catholic system that operates in six states, runs six hospitals in St. Louis plus a variety of medical groups and health plans.
MINOT, N.D. -- Three North Dakota hospitals agreed to change hands last month. Denver-based Sisters of St. Francis signed a letter of intent to sell 176-bed UniMed Medical Center in Minot and 30-bed Kenmare (N.D.) Community Hospital to Brentwood, Tenn.-based Quorum Health Group for an undisclosed sum. Hankinson, N.D.-based Sisters of St. Francis, an unrelated organization, agreed to transfer the sponsorship of its 28-bed Oakes (N.D.) Community Hospital to Denver-based Catholic Health Initiatives, which has 68 hospitals. The transaction is expected to be completed in the first quarter of 1998. Quorum's presence in northwestern North Dakota will assure access to quality healthcare, said Sister Lona Thorson, UniMed's acting chief executive officer. To continue the Catholic ministry established by Sisters of St. Francis, Quorum is negotiating retention of Holy Cross Health System based in South Bend, Ind. "We believe that having a choice in healthcare services and providers is important to this community. And a little competition doesn't hurt," Thorson said.