Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Vanguard Completes Acquisition of Two Resurrection Hospitals

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?

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars