The Illinois State Health Facilities and Services Review Board voted 6-0 to allow El Segundo, Calif.-based Pipeline Health to sell two Illinois hospitals to Michigan-based Resilience Healthcare for $92 million, Becker’s reports.
The hospitals are Weiss Memorial Hospital in Chicago and West Suburban Medical Center in Oak Park, Ill.
The recently created Resilience Healthcare is a for-profit company led by Manoj Prasad, MD, who began as a physician but has worked to help turn around healthcare facilities. Read more.
