Update: Good news as the hospital in Illinois was slated to be closed...as it could not even reach a break even point and continued to lose money...1400 employees slated to lose their jobs....BD
The hospital the nuns couldn’t give away for free is getting bought.
St. Francis Hospital in Blue Island, Illinois, has problems plenty of facilities can relate to: After a successful run through the 20th century, it’s faced tough times as other hospitals siphon off people with good insurance, and patients with conditions that tend to be especially profitable to treat. But yesterday SSM Healthcare, which owns some 20 hospitals and is affiliated with the Franciscan Sisters of Mary, said it had found a buyer: MSMC Investors and its affiliate, Transition Healthcare Co. Terms of the deal weren’t disclosed.
Related Story: http://www.nbc5.com/news/15778141/detail.html
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