Chicago Catholic hospitals explore merger
Two large Chicago area hospital operators are exploring combining into the state’s largest Catholic-owned healthcare system. Chicago-based Resurrection Health Care, which operates six hospitals in Chicago and adjacent suburbs, said it signed a letter of intent to “explore merger” with Mokena-based Provena Health, which owns six hospitals in the Chicago suburbs and downstate. Like an increasing number of providers of medical care across the country, these hospitals have been hurt financially as patients have had difficulties paying medical bills, a byproduct of job losses and other economic woes. As a result, such hospitals are turning to partnerships aimed at creating economies of scale and looking for ways to create a more streamlined patient experience.
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