Chicago Hospital’s Closure Is a Canary in Coal Mine for Corporatized Health Care

As the PESP report documents, the sale of the Weiss and West Suburban hospitals to Resilience Healthcare was structured in a way that split the operations and the land: Resilience Healthcare purchased the operations for $1 and the real estate was sold for $92 million to an affiliated but separate company, Ramco Healthcare Holdings, LLC, in 2022. In short, the story of Weiss Memorial Hospital is a classic illustration of the corporatization of health care and the disadvantages of private equity acquisition of hospitals — always to the detriment of the public, especially vulnerable poor and communities of color. As community activists predicted — presciently, as it turned out — the sale of the parking lot, although it pre-dated the ownership of the hospital by Resilience Healthcare, was merely the first step in the eventual dismantling and closure of the hospital.

Author: Anna Romina Guevarra

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