Loyola University Health System, Maywood, Ill., plans to acquire Gottlieb Memorial Hospital in Melrose Park, Ill., for $100 million in one of the biggest local hospital deals in a decade, according to a letter filed with state regulators and reported by Modern Healthcares sister publication Crains Chicago Business.
The proposed deal breathes new life into Loyolas stalled efforts to expand beyond its Maywood campus. The 505-bed academic medical center failed in various bids to buy several community hospitals in the western suburbs in the late 1990s.
Loyolas bid for 261-bed Gottlieb surfaced in letter Monday from Loyola Senior Vice President Trisha Cassidy to the Illinois Health Facilities Planning Board, which must grant permission for hospitals to change hands. The letter, posted on the boards Web site Thursday, says Loyola will apply for a change-of-ownership permit within 60 days.
In a written statement, Gottlieb said the letter signifies that these two organizations share a common vision and believe that the potential for partnership would strengthen both institutions. It said the two hospitals will iron out relevant details but declined to elaborate on the structure of the deal.
A Loyola spokeswoman didnt immediately return a phone message.
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