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Sale of South Side Chicago hospital to nonprofit finalized

CHICAGO (AP) — Chicago’s oldest hospital has finalized the facility’s sale to a nonprofit. Mercy Hospital and Medical Center and Insight Chicago announced the agreement Saturday in a joint statement. The Chicago Sun-Times reports that the agreement requires Insight to continue operating Mercy as a “full-service community acute-care facility.” Mercy filed for Chapter 11 bankruptcy this year with plans to close in May, citing operating losses of $7 million per month. 

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