Owner to pull plug on Chicago hospital

Michael Reese Hospital on Chicago's South Side intends to close as early as fall, according to a plan submitted to Illinois regulators by the hospital's owner. The closing the facility has been in the works for months, as the hospital has been deteriorating for years amid tens of millions of dollars in losses and a series of challenges such as ownership changes, competition from rival medical centers and a rising number of uninsured patients who cannot pay their bills.