2014-07-01 – Presence Health Finds Buyer For Our Lady of the Resurrection Medical
As reported by Crain’s Chicago Business, Presence Health has signed a letter of intent to sell Our Lady of the Resurrection Medical Center to Community First Healthcare of Illinois.
Presence, a Chicago-based hospital network and the largest Catholic hospital chain in the state with 12 hospitals, put Our Lady of the Resurrection on the market in March after saying financial losses there were unsustainable.
Presence also announced plans to sell a Des Plaines nursing home and a retirement center in Niles. Their buyer is Skokie-based Glen Health and Home Management.