|Photo of Louis A. Weiss Memorial Hospital courtesy of Google Streetview|
A healthcare investment group, TWG Partners, has reached an agreement to buy Weiss Memorial Hospital and two other hospitals from Texas-based Tenet Healthcare.
The group is headed by Dr. Eric Whitaker, former director of the Illinois Department of Health and former executive vice president at University of Chicago Medicine. The hospital, which is Uptown's largest employer, will be managed by Pipeline Health.
It's probable that we won't see much of a difference at Weiss; Tenet acquired it in 2013, which went mostly unnoticed. The sale is expected to close by the end of the year, pending regulatory approvals.
You can read about the deal at Crain's Business. No financial terms have been revealed.