As part of the deal, Trinity will also take over Loyola’s debt. In exchange, the health system will pay a $22.5 million annual subsidy to Loyola’s medical school — a roughly 30 percent cut compared to previous years, according to the report.
Loyola plans to use the $100 million to support medical education and research, according to the report.
Read the Chicago Tribune report on Loyola University Health System.
Read previous coverage on Loyola University Health System:
– Trinity Health to Buy Chicago’s Loyola University Medical Center
– Illinois’ Loyola Health System Names Dr. Robert Cherry as Chief Medical Officer
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