CHICAGO (WBBM NEWSRADIO) -- Mercy Hospital and Medical Center in Chicago’s Bronzeville neighborhood may not be closing after all.
Mercy, which is owned by Trinity Health, put out a statement stating the hospital has entered into a non-binding agreement with Insight Chicago to buy the historic, 169-year-old South Side hospital just months before it’s expected to shutter its doors for good.
The hospital is scheduled to close May 31. But Insight Chicago, an Illinois not-for-profit affiliated with a Michigan health system, is continuing negotiations with Mercy’s current owner Trinity Health to buy the 258-bed facility on 25th and Michigan. If the deal goes through, Mercy would remain a full-service acute care hospital for the benefit of the Bronzeville community.
Mercy is Chicago’s first chartered hospital. It’s original location was on Rush Street near the Chicago River.
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The hospital filed for Chapter 11 bankruptcy in February, saying it was losing staff and experiencing “mounting financial losses” which challenged its ability to maintain a safe environment. The move came just two weeks after a state review board rejected Trinity Health’s proposal to open an urgent care and diagnostic center on the South Side. The same board unanimously rejected a plan in December to close Mercy.
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