As part of the deal, Lake Forest will become a subsidiary of Northwestern Memorial.
Northwestern Memorial has been in discussions with Lake Forest for several months, and Northwestern may be financing the replacement of Lake Forest’s current facility, which is 67 years-old, according to the report.
Northwestern has been working to expand its services to suburban Chicago for some time, including the purchase of $9 million of land in Northbrook in 2007.
Read the Chicago Tribune‘s report on the Northwestern Memorial/Lake Forest agreement.
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