Tuesday, January 22, 2019 || By Michael Romain || @maywoodnews
Featured image: The new expansion of the Palos Health South Campus, which opened last year, is the result of a partnership between Palos Health and Loyola Medicine. | Courtesy Loyola Medicine
Roughly a year after acquiring MacNeal Hospital in Berwyn, Loyola Medicine, based in Maywood, recently announced that it plans to merge with Palos Health, a healthcare system that serves the south and southwest suburbs.
In a joint statement released Jan. 21, Loyola and Palos Health officials said that the two entities have signed a non-binding letter of intent and that it could be several months before the full merger is finalized.
“The parties will enter a due diligence process with the goal of Palos Health and its affiliate organizations joining Loyola’s comprehensive regional health system,” according to the statement.
The merger would expand Loyola’s footprint into the south and southwest suburbs. Palos Health includes a 425-bed hospital in Palos Heights, around 22 miles from downtown Chicago.
Palos Health also features “a fully integrated, community-based health care system” that includes a physician network, an imaging and diagnostic center and an 83,000-square-foot expansion of its Palos Health South Campus in Orland Park, among other components. The entire system employs more than 3,000 people and includes around 900 volunteers.
The new expansion, which opened last year, is the result of an academic affiliation that Palos Health and Loyola Medicine formed in 2015.
“The innovative academic affiliation resulted in several patient-care initiatives, including a telestroke program that brings the expertise of Loyola stroke specialists to the patient’s Palos Hospital bedside and streamlined trauma transfers and subspecialty referrals from Palos to Loyola,” the statement explained.
The new expansion features “47 specialty and primary care exam rooms, staffed by Loyola physicians, and Palos and Loyola jointly own an outpatient surgery center and a radiation oncology center.”
Dr. Terrence Moisan, the president and CEO of Palos Health, said in the statement that the partnership with Loyola will allow the two institutions to leverage their respective strengths.
“Our patients are our priority at Palos Health and one way we have maintained this commitment is by seeking strategic partnerships to best serve our communities,” Moisan said. “By fully integrating with Loyola Medicine, we will enhance our clinical strength, increase our flexibility and provide our community with more comprehensive care across an expanded region.”
Shawn P. Vincent, the president and CEO of Loyola Medicine and president of Trinity Health’s Illinois region, said that he and his team “are excited about the opportunity to bring together the Palos and Loyola Medicine care teams and capabilities to ensure the provision of high-quality and high-value care to the community for many years to come.”
Loyola Medicine — which includes Loyola University Medical Center, Gottlieb Memorial Hospital and MacNeal Hospital — is a member of Michigan-based Trinity Health, one of the country’s largest Catholic healthcare delivery systems. VFP
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