Chief Healthcare Executive November 23, 2022
The California-based system says it has an agreement to sell two Chicago-area hospitals to Resilience Healthcare and Ramco Healthcare Holdings.
Pipeline Health, which filed for bankruptcy protection last month, said Wednesday it has brokered a deal to sell two hospitals in the Chicago area.
Pipeline, a for-profit system based in El Segundo, Calif., said it is selling West Suburban Medical Center in Oak Park and Weiss Memorial Hospital in Chicago’s Uptown neighborhood to Resilience Healthcare and Ramco Healthcare Holdings, LLC. Pipeline previously said the financial performances of the Chicago-area hospitals was dragging the system.
Pipeline said it sought approval of the sale in a motion submitted late Tuesday to the U.S. Bankruptcy Court for the Southern District of Texas. If...
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