Tenet Announces Definitive Agreement with Loyola Medicine Regarding the Sale of MacNeal Hospital and Related Operations

Thursday, October 12, 2017

Tenet Healthcare Corporation announced that it has reached a definitive agreement with Loyola Medicine, an affiliate of Trinity Health, under which Loyola will purchase MacNeal Hospital – which is located in a suburb of Chicago – as well as other operations affiliated with the hospital. The affiliated operations include local Tenet-owned physician practices; the Chicago Health System (“CHS”), an independent practice association of nearly 1,000 physicians; and the associated CHS accountable care organization. Under the terms of the agreement, MacNeal and these related operations will be added to the Loyola Medicine regional health system, which serves the west, south and southwest suburbs of Chicago.

The transaction is expected to be completed in the first quarter of 2018, subject to regulatory approvals and customary closing conditions.