Chicago-Area Hospital Systems Sign Merger Deal
CHICAGO (AP) - Two Chicago-area hospital groups have signed an agreement to merge, paving the way to create Illinois' largest Catholic-owned health care system, officials announced Tuesday.
The deal between Chicago-based Resurrection Health Care and Mokena-based Provena Health followed months of talks. Resurrection operates six hospitals in the Chicago area and Provena owns six hospitals statewide. The combined system would have nearly $3 billion in operating revenue.
Both systems submitted an application to state health officials. Approval could come this year.
In addition to the 12 hospitals, the new system would include 28 long-term care and senior residential facilities, more than 50 primary and specialty care clinics and six home health agencies.
It would employ 5,000 physicians and have more than 22,000 employees.
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