New Mercy Hospital owner vows full service until 2029

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CHICAGO (AP) — The nonprofit organization that is the new owner of Chicago’s oldest hospital has agreed with the city to operate the hospital as a full-service facility until at least 2029. Insight Chicago took over Mercy Hospital and Medical Center on Monday. The hospital on Chicago’s South Side when Insight Chicago, which is affiliated with Michigan’s Insight health system, paid $1 for the hospital, which was slated to close. Mercy was owned by Trinity Health, which announced last summer the hospital was incurring monthly operating losses of $4 million and needed another $100 million to maintain the facility.

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