Loyola University Chicago to Make $100 Million in Hospital Sale

by karlyn on March 23, 2011

Loyola University Chicago has finalized a deal to hand over control of its Loyola University Health System, in a sale valued at $100 millions dollars, as reported by Chicago Business. The deal, reached earlier this month, puts Trinity Health Corp. in control of Loyola Medical Center and Gottlieb Memorial Hospital. Marking the end of an era for the university hospital, which hasn’t seen an operating profit in the past seven years and has found itself in a substantial amount of debt. The profits, will be put towards an endowment fund for further medical education as well as research in the health sciences programs within the university.

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