Busy Month For Chicago Hospital M&A Activity

Hospitals in the Chicago area have recently experienced an uptick in merger and acquisition activity, with a number of hospitals agreeing to mergers or acquisitions in December and many more open to the idea of affiliation, according to a Chicago Tribune report.

The following hospitals and healthcare system developments were mentioned in the report:

• Oakbrook, Ill.-based Advocate Health Care is in talks with M.D. Anderson Cancer Center in Houston about a partnership.
• Nashville, Tenn.-based Vanguard Health Systems will buy Chicago's Holy Cross Hospital.
• After the Rochester, Minn.-based Mayo Clinic formed a research alliance with the University of Illinois at Urbana-Champaign, it said it remains open to partnerships with healthcare providers in the Chicago area.
• Cleveland Clinic's cardiac surgery program signed an affiliation agreement with Central DuPage Hospital in Winfield, Ill.

Read the Chicago Tribune report on Chicago hospital affiliations and acquisitions.

Read more about hospital M&A activity in the Chicago area:

-Illinois' Loyola University Health Seeks Catholic Partner

-Illinois' Loyola University Health Considers Merger

-Cleveland Clinic Partners With Suburban Hospital in Illinois