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Market Watch | October 30, 2017

Loyola Medicine To Acquire MacNeal Hospital From Tenet Healthcare

Loyola Medicine recently announced that it will acquire MacNeal Hospital from Tenet Healthcare. The transaction will be finalized in the first quarter of 2018.

Included in the acquisition, Loyola will gain local physician practices owned by Tenet, the Chicago Health System and the associated accountable care organization. Tenet is beginning to exit the Chicago Market and intends to sell three other Chicago-area hospitals. After facing legal troubles, Tenet is seeking to divest some of their hospitals.

Loyola Medicine is a leader in academic medicine and health care services, and has a nationally ranked academic medical center in the Chicago . . .

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