University of Chicago Medicine plans to buy a piece of hospital system AdventHealth, which has four hospitals in the western suburbs, the system announced Tuesday.
The University of Chicago Medical Center in Hyde Park in Chicago on Tuesday, March 23, 2020.
Under the plan, UChicago Medicine would acquire a controlling interest in AdventHealth’s Great Lakes Region, which includes hospitals in Bolingbrook, Glendale Heights, Hinsdale and La Grange. AdventHealth would continue to own a stake in the region and would manage the hospitals’ daily operationsThe deal could close late this year or early next year, pending regulatory approvals. UChicago Medicine spokeswoman Ashley Heher said Tuesday financial terms of the deal are not being disclosed.
The new partnership would increase access to services for patients in the western suburbs, leaders of AdventHealth and UChicago Medicine said in a joint news release.
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