Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Advocate looking at hospital partnership outside Chicago

Chicago Tribune, April 23, 2009
Advocate Health Care is moving closer to a deal with a large hospital operator in Bloomington-Normal, a sign that Illinois' largest medical care provider could be reaching its first partnership outside of the Chicago area. Advocate, which owns nine hospitals in Chicago and the suburbs, said in a memo it has extended its letter of intent to "explore a partnership" with BroMenn Healthcare System. The letter of intent was first signed in December, and executives are now negotiating terms of the definitive agreement, which could be finalized this summer.