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Management Newsletter Article | March 31, 1999

Grant Hospital Sale Awaits Planning Board Approval

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News If the Illinois State Facilities Planning Board approves of the plan at its April 7, 1999 meeting, Grant Hospital will be sold to Edgewater Hospital. The hospital was purchased in November 1998 for a reported $12 million by Doctors Community Medical Center Healthcare Corp. of Scottsdale, Arizona, from Columbia/HCA Healthcare Corp. Michael Reese Hospital and Medical Center was also purchased by Doctors Community at the time. Now, Doctors Community plans to focus it efforts entirely on operating the Michael Reese Hospital and Medical Center. Edgewater Medical Center . . .

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