At a time when most hospital systems are looking to bulk up, Amita Health’s split sets the stage for more dealmaking in Chicago’s rapidly consolidating healthcare market, Crain’s Chicago Business reports. As the 19-hospital chain faces pressure to rein in costs and compete with expanding rivals for a finite number of patients and doctors, its owners are unwinding the joint operating company they formed nearly seven years ago. The breakup of Lisle-based Amita leaves Catholic giant Ascension with 15 hospitals and AdventHealth, affiliated with the Seventh-day Adventist Church, with four. The market looks different than it did when the deep-pocketed national chains first joined forces. Read more.
M&A Action is About to go Viral in Chicago Hospital Biz
