Mercy Hospital & Medical Center might be allowed to remain open, thanks to a deal in the works in which a Chicago organization affiliated with a Michigan health system would buy the hospital.
By ERIN SCHUMAKER, ABC News (CHICAGO) — Chicago’s oldest hospital filed for Chapter 11 bankruptcy this week, frustrating city and state officials who pledged to keep the safety-net hospital open. The hospital plans to cease all operations except for basic emergency services on May 31. “We recognize the community’s desire that Mercy should stay open, [.]
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Closing Mercy Hospital would be inhumane and unconscionable, officials said.
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Chicago s oldest hospital filed for Chapter 11 bankruptcy this week, frustrating city and state officials who pledged to keep the safety-net hospital open.
The hospital plans to cease all operations except for basic emergency services on May 31.
Mercy Hospital and Medical Center of Chicago files for bankruptcy after months of losses During the first six months of FY 2021, Mercy lost an average of $5 million a month.
, Associate Editor
Chicago s Mercy Hospital and Medical Center filed for bankruptcy this week after it incurred more than $30 million in losses since last July.
The hospital, which is owned by Trinity Health, will discontinue its inpatient acute care services while it winds down as a full-service acute care hospital.
Until its expected final closure date of May 31, 2021, Mercy will continue to offer basic emergency treatment services, diagnostic imaging and care coordination services.
Mercy Hospital and Medical Centers filed for Chapter 11 bankruptcy Wednesday just months before the historic Bronzeville hospital is expected to shut its doors for good, a spokesperson confirmed.