Sale of 2 Pipeline Health Chicago hospitals completed

El Segundo, Calif.-based Pipeline Health System has completed the sale of two Chicago-area hospitals as part of its bankruptcy proceedings, according to a Jan. 3 Wednesday Journal report.

Advertisement

The sale of West Suburban Medical Center and Weiss Memorial Hospital to newly formed Princeton, N.J.-based entity Resilience Healthcare was finalized Dec. 29, the report said. Resilience is led by healthcare executive Manoj Prasad, and the sale of the hospitals and their buildings was in conjunction with Mr. Prasad’s business partner, Rathnakar Patlola, who manages Ramco Healthcare Holdings, which bought the real estate, the report added.

Resilience has been operating the hospitals since early December, and the final overall deal has been under negotiation since March, the report said.

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Capital

Advertisement

Comments are closed.