Vanguard Health Systems has completed the acquisition of two Resurrection Health Care hospitals — West Suburban Medical Center in Oak Park, Ill., and West Lake Hospital in Melrose Park, Ill., according to a Nashville Business Journal report.
Vangauard paid approximately $45 million for the facilities, according to the report. Illinois regulators approved the sale in June.
The hospitals lost an average of $247.5 million annually between 2007 and 2009, according to the report.
Read the Nashville Business Journal report on Resurrection Health Care.
Read more coverage on Vanguard Health Systems:
- Vanguard Acquires Bankrupt Arizona Cardiology Practice
- Vanguard Sells Debt to Fund Detroit Medical Center Acquisition
- For-Profit Firms Eyeing Non-Profit Hospitals: A Growing Trend?
Vangauard paid approximately $45 million for the facilities, according to the report. Illinois regulators approved the sale in June.
The hospitals lost an average of $247.5 million annually between 2007 and 2009, according to the report.
Read the Nashville Business Journal report on Resurrection Health Care.
Read more coverage on Vanguard Health Systems:
- Vanguard Acquires Bankrupt Arizona Cardiology Practice
- Vanguard Sells Debt to Fund Detroit Medical Center Acquisition
- For-Profit Firms Eyeing Non-Profit Hospitals: A Growing Trend?
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