A physician-owned joint venture has revived a shuttered Chicago hospital as a specialized, 78-bed inpatient facility for neurologic and orthopedic procedures. The facility, the former Ravenswood Hospital Medical Center, was shuttered last year by its parent, eight-hospital Advocate Health Care. The facility's new name is the Neurologic & Orthopedic Institute of Chicago. In January, a joint venture between Chicago Institute of Neurosurgery and Neuroresearch Medical Group and Neuro-Source, Chicago, a businesses and consulting firm, reopened a portion of the facility, including its emergency room. Neuro-Source CEO Thomas Hodgson, who is acting hospital CEO, said the venture was financed through a healthcare real estate investment trust, but he declined to disclose the value of the deal. The hospital employs more than 250 people and has a medical staff of more than 100. -- by Mark Taylor
New specialty hospital opens in Chicago
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