Deal Snapshot
LOYOLA MEDICINE TO ACQUIRE MACNEAL COMMUNITY HOSPITAL FROM TENET HEALTHCARE
Thursday 12 October 2017

Chicago, US-based medical care system Loyola Medicine has agreed to acquire 368-bed community hospital MacNeal Hospital, located in suburban Chicago, from Texas, US-based healthcare services company Tenet Healthcare Corp. (NYSE: THC) to expand the Chicago-area health system through suburban hospital acquisitions, the company said.

Loyola Medicine is an affiliate of Michigan, US-based Catholic health system Trinity Health. The Chicago Tribune reported Loyola is expanding its Chicago-area health system through suburban hospital acquisitions as US hospitals seek to consolidate in order to increase power and improve finances.


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Details
Date Published: 12/10/2017
Target: MacNeal Hospital
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Tenet Healthcare
Buyer: Loyola Medicine
Comment:
Terms of the deal were not disclosed

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