North­west Com­mu­nity Health­care agrees to merger with NorthShore

Chicago Sun-Times - - TOP NEWS - BY CHRISTOPHE­R PLACEK Daily Her­ald For more sub­ur­ban news, turn to the Daily Her­ald at dai­ly­her­ald.com.

Long ru­mored, Ar­ling­ton Heights-based North­west Com­mu­nity Health­care on Wed­nes­day an­nounced it has inked a merger agree­ment that will end its in­de­pen­dent sta­tus af­ter 61 years.

One of the few re­main­ing in­de­pen­dents in the sub­urbs, North­west Com­mu­nity is merg­ing with Evanston-based NorthShore Univer­sity HealthSys­tem, which op­er­ates Evanston, Glen­brook, High­land Park, Skokie and Swedish hos­pi­tals, hav­ing ac­quired the last ear­lier this year.

Each hospi­tal sys­tem’s board of di­rec­tors is set to for­mal­ize ap­proval of the deal this week be­fore it goes be­fore state and fed­eral reg­u­la­tors for their review and ap­proval. Of­fi­cials hope to close on the trans­ac­tion by the end of the year. Terms were not dis­closed.

The deal fol­lows an 18-month strate­gic as­sess­ment by North­west Com­mu­nity’s board and years of in­for­mal dis­cus­sions be­tween CEO Steve Scogna and NorthShore Pres­i­dent and CEO J.P. Gal­lagher.

Merger talks have swirled around the Ar­ling­ton Heights hospi­tal for years, amid a local and na­tional trend and other al­liances aimed at cut­ting costs, in­creas­ing buy­ing power and ex­pand­ing the physi­cian net­work.

Scogna said the merger doesn’t have any­thing to do with North­west Com­mu­nity’s fi­nances or the re­cent ef­fect of COVID-19 on the bot­tom line.

JOE LEWNARD/DAILY HER­ALD

North­west Com­mu­nity Health­care in Ar­ling­ton Heights has signed a merger agree­ment with Evanston-based NorthShore Univer­sity HealthSys­tem.

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