Community Hospitals
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

St. James hospitals no longer for sale

The Southtown Star, May 14, 2014
Nearly a year after the operator of St. James hospitals in Olympia Fields and Chicago Heights put them on the market, Franciscan Alliance says the hospitals are no longer for sale after a turnaround effort it described as a near-miracle. Physicians, nurses and other staff learned of the decision by Mishawaka, Ind.-based Franciscan Alliance in a memo dated Monday. In June, Franciscan said it was looking for a potential buyer, such as a larger hospital network in Illinois, to acquire the St. James hospitals. The decision had been made due, in part, to mounting financial losses suffered by the hospitals, Franciscan said at the time.