Advocate Health Care, Oak Brook, Ill., has signed a definitive agreement to acquire 215-bed Condell Medical Center in Libertyville, Ill. The parties announced in January that they were exploring a deal, which if approved by the Illinois Health Facilities Planning Board would add a ninth hospital to the Chicago-area system.
Libertyville is about 40 miles north of downtown Chicago in Lake County, an area where Advocate has been making plans to increase its presence since before the talks with Condell materialized. In January 2007, the system announced plans to build a 144-bed hospital in Round Lake, not far from Condell.
We identified this region some time ago as an area in need of increased access to care, Advocate President and Chief Executive Officer Jim Skogsbergh said in a news release.
Advocate has withdrawn an application for an immediate care center in Round Lake and may end up doing the same with the hospital application, spokeswoman Kelly Jo Golson said, noting a negative CON outlook for the projects. Golson said she was unable to describe the financial terms of the deal with Condell, which has struggled in recent years, but she said the agreement calls for Advocate to fulfill the hospitals plans to expand the emergency department, build a 68-bed tower with private rooms and obtain a Level I trauma designation. Condell already secured state approval for the expansion projects. -- by Gregg Blesch