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
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
