The certificate-of-need board in Illinois has approved two pending hospital acquisitions and denied a request from Cook County to discontinue inpatient services at a safety-net hospital in a southwest suburb of Chicago.
Ill. regulators approve two hospital deals
The Illinois Health Facilities and Services Review Board voted 5-0 to approve Trinity Health's plan to acquire Loyola University Health System, which includes 535-bed Loyola University Medical Center in Maywood and 234-bed Gottlieb Hospital in Melrose Park.
A deal announced in March calls for Novi, Mich.-based Trinity to contribute $75 million toward a new medical research facility on the university's campus and pay $100 million, as well as commit to investing $300 million toward capital and equipment needs over seven years, according to board documents.
The five members present also unanimously approved plans for OSF Healthcare, the Ottawa, Ill.-based parent of St. Anthony Medical Center, to acquire Rockford Health System, which is principally 293-bed Rockford (Ill.) Memorial Hospital. Under the deal, according to the CON application, OSF would commit to investing $280 million over eight years in its Rockford-area operations. The plans were announced in May 2010 and have been slowed by a federal antitrust review.
A request by the Cook County Health and Hospitals System to close inpatient operations at Oak Forest (Ill.) Hospital was rejected in a 4-1 vote, although the members signaled their disapproval previously, giving county officials an opportunity to revise their application.
The county system, which has two Chicago hospitals and a network of clinics, has been in financial distress for years and in 2008 was placed under the control of an independent board. CEO William Foley resigned in March and Dr. Terry Mason has taken over as interim CEO.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.