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Friday, February 9, 2018

Loyola Medicine to Acquire MacNeal Hospital and its Affiliated Operations

CHICAGO, IL – Loyola Medicine announced that it has entered into a definitive agreement with a subsidiary of Tenet Healthcare Corporation to acquire Chicago-based MacNeal Hospital from the Tenet entity, as well as other operations affiliated with MacNeal. The affiliated operations include local Tenet-owned physician practices; the Chicago Health System (“CHS”), an independent practice association of nearly 1,000 physicians; and the associated CHS accountable care organization.
MacNeal, a 368-bed community hospital in Berwyn, Illinois, is centrally located within Loyola’s regional health system that serves the west, south and southwest suburbs of Chicago. Currently, Loyola’s delivery system includes Loyola University Medical Center, a 547-bed academic medical center in Maywood, Illinois, Gottlieb Memorial Hospital, a 247-bed community hospital in Melrose Park, Illinois, and more than 1,200 physicians.

Both MacNeal and Loyola are values-based organizations committed to creating healthy communities. Loyola, a member of Trinity Health—one of the nation’s largest Catholic healthcare systems—is one of the most cost-effective providers in the region, treating the sickest patients in the state of Illinois. The acquisition of MacNeal will expand Loyola’s delivery network for people-centered care, which includes population health and community health.

MacNeal has over 550 medical staff members, a 12-bed acute rehabilitation unit, a 25-bed inpatient skilled nursing facility and 68-bed behavioral health program. CHS is a network of nearly 1,000 physicians that coordinates care for more than 30,000 lives.

Finalization of the acquisition is expected in the first quarter of 2018, subject to regulatory approvals and customary closing conditions. MacNeal’s leadership team will continue to manage the hospital following the acquisition.

“Bringing MacNeal into the Loyola system allows us to expand our delivery system, add more providers and deliver exceptional care to a greater number of residents close to their homes. With our organizations’ common values, we can support our shared mission of being a transforming and healing presence in our communities,” said Larry M. Goldberg, president and CEO, Loyola University Health System.

“We look forward to continuing MacNeal’s commitment of delivering high-quality, patient-centered care as part of the Loyola Medicine regional health system. Like MacNeal, Loyola has significant roots in Chicagoland, and we are confident that becoming part of this well-respected system will produce additional benefits for patients and the local community,” said M.E. Cleary, CEO, MacNeal Hospital.

MacNeal will operate as part of the Loyola Medicine system and also become a member of Trinity Health, one of the nation’s largest health systems with 93 hospitals in 22 states.

As one of the most recognized brands in the region, Loyola’s primary, specialty, tertiary and quaternary care providers deliver innovative, research-based care to 83,000 patients annually. Through its affiliation with the Loyola University Chicago Stritch School of Medicine and Marcella Niehoff School of Nursing, Loyola also trains the next generation of caregivers. 

About Loyola Medicine and Trinity Health

Loyola Medicine, a member of Trinity Health, is a quaternary care system based in the western suburbs of Chicago that includes Loyola University Medical Center (LUMC), Gottlieb Memorial Hospital, MacNeal Hospital and convenient locations offering primary and specialty care services from 1,877 physicians throughout Cook, Will and DuPage counties. LUMC is a 547-licensed-bed hospital in Maywood that includes the William G. and Mary A. Ryan Center for Heart & Vascular Medicine, the Cardinal Bernardin Cancer Center, a Level 1 trauma center, Illinois's largest burn center, a certified comprehensive stroke center and a children’s hospital. Having delivered compassionate care for over 50 years, Loyola also trains the next generation of caregivers through its teaching affiliation with Loyola University Chicago’s Stritch School of Medicine and Marcella Niehoff School of Nursing. Gottlieb is a 247-licensed-bed community hospital in Melrose Park with 150 physician offices, an adult day care program, the Gottlieb Center for Fitness, the Loyola Center for Metabolic Surgery and Bariatric Care and the Loyola Cancer Care & Research at the Marjorie G. Weinberg Cancer Center at Melrose Park. MacNeal Hospital is a 374-bed teaching hospital in Berwyn with advanced inpatient and outpatient medical, surgical and psychiatric services, advanced diagnostics and treatments. MacNeal has a 12-bed acute rehabilitation unit, a 25-bed inpatient skilled nursing facility, and a 68-bed behavioral health program and community clinics. MacNeal has provided quality, patient-centered care to the near west suburbs since 1919.

Trinity Health is one of the largest multi-institutional Catholic healthcare systems in the nation, serving diverse communities that include more than 30 million people across 22 states. Trinity Health includes 92 hospitals, as well as 109 continuing care locations that include PACE programs, senior living facilities and home care and hospice services. Its continuing care programs provide nearly 2.5 million visits annually. Based in Livonia, Mich., and with annual operating revenues of $18.3 billion and assets of $26.2 billion, the organization returns $1.1 billion to its communities annually in the form of charity care and other community benefit programs. Trinity employs about 129,000 colleagues, including 7,800 employed physicians and clinicians. Committed to those who are poor and underserved in its communities, Trinity is known for its focus on the country's aging population. As a single, unified ministry, the organization is the innovator of Senior Emergency Departments, the largest not-for-profit provider of home health care services—ranked by number of visits—in the nation, as well as the nation’s leading provider of PACE (Program of All Inclusive Care for the Elderly) based on the number of available programs.