The systems signed a letter of intent in September, and the governing boards for both organizations later approved the merger and definitive agreement. All regulatory approvals have now been received, the systems said in a Dec. 16 news release.
“We look forward to welcoming Palos Health to Northwestern Medicine,” Dean M. Harrison, president and CEO of Northwestern Memorial HealthCare, said in a news release. “We will join the physicians and staff of Palos Health to provide convenient access to world class care in the southwest suburbs.”
With the addition of Palos Health, Northwestern Medicine will comprise 11 hospitals and more than 200 ambulatory sites.
More articles on healthcare industry transactions:
Washington hospital sells for $20M
7 hospital mergers called off in past year
Tenet strikes $1.1B deal for 45 surgery centers
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
