The Illinois Health Facilities and Services Review Board has approved the sale of two Chicago-area hospitals owned by Resurrection Health Care to for-profit Vanguard Health Systems, according to a report by the Chicago Tribune.
Under the deal, Vanguard would acquire West Suburban Medical Center in Oak Park, Ill., and West Lake Hospital in Melrose Park, Ill., for $40 million. Vanguard also pledged $15 million to improve the facilities.
The deal is expected to be finalized in the next few weeks.
Read the Chicago Tribune's story on Vanguard Health.
Under the deal, Vanguard would acquire West Suburban Medical Center in Oak Park, Ill., and West Lake Hospital in Melrose Park, Ill., for $40 million. Vanguard also pledged $15 million to improve the facilities.
The deal is expected to be finalized in the next few weeks.
Read the Chicago Tribune's story on Vanguard Health.