Two hospitals in the Chicago area are in talks to buy Roseland Hospital, a safety-net hospital in financial distress, according to a Crain's Chicago Business report.
William Brandt Jr., chairman of the Illinois Finance Authority, told Crain's two unnamed suitors have approached Roseland. Illinois Gov. Pat Quinn had asked Mr. Brandt's firm, Development Specialists in Chicago, to review Roseland's finances pro bono. The hospital has recently been on the brink of closure.
A spokesperson for SEIU Healthcare Illinois and Indiana said Roseland has signed a memorandum of understanding to partner with Loretto Hospital, a safety-net provider on Chicago's West Side. A spokesperson for Loretto did not immediately respond to a request for comment, according to the report.
A Roseland spokesperson also did not respond with a comment, according to the report.
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