Evanston (Ill.) Northwestern Healthcare intends to acquire 229-bed Rush North Shore Medical Center in Skokie, Ill., which would add a fourth campus to the 629-bed system in north suburban Chicago.
The parties have sent a letter of intent to the Illinois Health Facilities Planning Board, according to a statement issued today, which adds, This is but one step of an extended process that will take several months to unfold. Financial terms were not disclosed.
Rush North Shore has been courting several potential buyers or partners with the resources to help it upgrade and add to its facilities and services, and Evanston Northwestern recently surfaced as the leader of the pack. The Skokie hospital reported a loss of $1.7 million on revenue of $443.3 million for the period ended June 30, 2007, according to the American Hospital Directory.
Meanwhile, Evanston Northwestern on April 28 received a final order from the Federal Trade Commission requiring a system of segregated bargaining for managed-care contracts with its Highland Park (Ill.) Hospital, which was acquired in a 2000 transaction that the commission later determined was anticompetitive. Rush North Shore is 3.5 miles west of the systems flagship campus, Evanston Hospital. -- by Gregg Blesch
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