(CBS/AP) — The Illinois Health Facilities and Services Review Board has approved the sale of Chicago’s oldest hospital to a newly-formed not-for-profit.
Insight Chicago received approval from the state review board to purchase Mercy Hospital and Medical Center.READ MORE: COVID In Illinois: 2,765 New Cases, 28 Additional Deaths
Insight Chicago, which is affiliated with a Michigan health system, promised the board it will maintain Mercy as a full-service community acute care hospital.READ MORE: Chicago Undercover Police Officer, Sergeant Honored For 'High Level Of Professionalism'
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month. The filing came after the state denied an application from Mercy’s owner, Trinity Health, to open an outpatient care center.MORE NEWS: Naperville District 203 Among Suburban High Schools Dealing With Spikes In COVID-19
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