Vangauard paid approximately $45 million for the facilities, according to the report. Illinois regulators approved the sale in June.
The hospitals lost an average of $247.5 million annually between 2007 and 2009, according to the report.
Read the Nashville Business Journal report on Resurrection Health Care.
Read more coverage on Vanguard Health Systems:
– Vanguard Acquires Bankrupt Arizona Cardiology Practice
– Vanguard Sells Debt to Fund Detroit Medical Center Acquisition
– For-Profit Firms Eyeing Non-Profit Hospitals: A Growing Trend?
