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Mercy Hospital & 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. Get the answer to your most-asked COVID vaccine questions on our mobile NBC 5 Chicago app. Download it here for iOS or Android.
Mercy Hospital & 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.
Deal finalized to keep Mercy Hospital in Bronzeville open chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
Sale of South Side Chicago hospital to nonprofit finalized
April 3, 2021
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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.
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.