Tenet Healthcare announced it has entered into an agreement to sell Westlake Hospital in Melrose Park, along with two other hospitals to a company jointly owned by TWG Partners and Pipeline Health.
The partnership is particularly notable because TWG Partners is founded and run by Dr. Eric Whitaker, a close friend of Barack Obama, according to news reports.
The other two hospitals are West Suburban Medical Center in Oak Park and Chicago-based Weiss Memorial Hospital.
TWG is a Chicago-based health care firm and Pipeline is a national hospital operator. Pipeline, which purchased a hospital from Tenet in Dallas earlier this year, will manage the three hospitals, according to a letter by West Suburban Chief Executive Officer Joseph Ottolino addressed to West Suburban’s governing board. Wednesday Journal obtained the letter on July 18.
According to a Chicago Tribune report, Tenet CEO Ron Rittenmeyer stated on July 18 that he believes the “three hospitals will have a ‘bright future’ with TWG and Pipeline.”
Rittenmeyer said that Pipeline and TWG “share our commitment to delivering high-quality care to patients, providing physicians with excellent service, and supporting caregivers and other colleagues in working to do what’s best for patients and the surrounding community.”
The involved entities did not disclose the terms of the sale, which requires regulatory approval. The Chicago Tribune reported that the sale is expected to close late this year.
Officials with Westlake Hospital, which has 225 beds according to its website, could not be immediately reached on Wednesday afternoon for comment. VFP
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