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Mercy Hospital, Insight Chicago finalizes sale to keep doors open in Bronzeville

Sale of South Side Chicago hospital to nonprofit finalized

Sale of South Side Chicago hospital to nonprofit finalized April 3, 2021 FacebookTwitterEmail CHICAGO (AP) Chicago s oldest hospital has finalized the facility s sale to a nonprofit. Mercy Hospital and Medical Center and Insight Chicago announced the agreement Saturday in a joint statement. The Chicago Sun-Times reports that the agreement requires Insight to continue operating Mercy as a “full-service community acute-care facility. Insight Chicago previously received approval from the the Illinois Health Facilities and Services Review Board to purchase Mercy from its owner, Trinity Health. Insight Chicago, which is affiliated with a Michigan health system, filed documents prior to that decision indicating that the hospital’s name will change because it will no longer operate as a Catholic facility.

Mercy Hospital sold to Insight Chicago - Chicago Sun-Times

Ashlee Rezin Garcia/Sun-Times Mercy Hospital and Medical Center has finalized a deal to sell its facility for $1 to a Michigan-based not-for-profit, in a deal that promises to keep the Bronzeville hospital open after months of uncertainty regarding its future. The agreement between Mercy and Insight Chicago requires Insight to continue operating the safety net hospital as a full-service community acute-care facility in exchange for ownership of the building, its equipment and parking facilities, the companies announced in a joint statement Saturday. Insight has promised to offer an emergency department, rehabilitation center, stroke programs, behavioral health assistance, an obstetrics unit, intensive care unit and inpatient medical surgical beds. They are also expected to maintain Mercy’s current charity care policies, company officials said.

Trinity s proposal to hand off Chicago s Mercy Hospital clears regulatory hurdle

Trinity s proposal to hand off Chicago s Mercy Hospital clears regulatory hurdle
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