Monday, May 12, 2008

For-Profit Buyer of Nuns’ Hospital Faces Test

Transition Healthcare, the for-profit hospital operator that’s buying what looked like an unsellable non-profit hospital from nuns in Chicago, has a tough job ahead. For all of the problems that St. Francis Hospital & Health Center has faced as rival hospitals have drawn more lucrative, insured patients, the troubled hospital can’t blame its tax status [...]

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