A suburban hospital serving the Austin community in Chicago and another on the North Side are expected to have a new owner by Dec. 2.
Resilience Healthcare and Ramco Healthcare Holdings are expected to take over West Suburban Medical Center and Weiss Memorial Hospital by next week after owner Pipeline Health System files for bankruptcy, according to a news release.
Located in the suburb of Oak Park, about 80% of West Suburban Medical Center’s patients live in Austin, according to the press release. Weiss Memorial Hospital is in the Uptown neighborhood of Chicago.
The announcement of the Michigan-based healthcare company’s takeover of the hospitals comes months after the Illinois Health Facilities and Services Review Board approved the estimated $92 million sale.
“We are delighted to have reached this important milestone after months of discussion, planning and full transparency, and we are grateful to the physicians and staff who have continued their dedicated service to their patients during this year of change” , said Pipeline CEO Andrei Soran. in a report.
California-based Pipeline bought the hospitals in 2019, sparking controversy after Westlake Hospital in Melrose Park closed. The closure led to legal battles as authorities tried to keep the hospital open. Former Westlake employees have also filed a lawsuit against the company.
Over the summer, a former parking lot in Weiss was also the focus of protests as housing advocates pushed for affordable housing to be built on the site.
The hospitals will be led by Manoj Prasad of Resilience and Rathnakar R. Patlola of Ramco, according to a press release.
Prasad and Patlola could not immediately be reached for comment.
Elvia Malagón’s reporting on social justice and income inequality is made possible by a grant from the Chicago Community Trust.