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Tenet Healthcare to sell MacNeal Hospital to Loyola Medicine

Tenet Healthcare Corp. agreed to sell Chicago-based MacNeal Hospital to Loyola Medicine, an affiliate of Trinity Health.

The deal includes other operations affiliated with the hospital, including local Tenet-owned physician practices; the Chicago Health System, a practice association of nearly 1,000 physicians; and the associated Chicago Health System accountable care organization.

The hospital and the operations will be added to the Loyola Medicine regional health system, which operates in the west, south and southwest suburbs of Chicago.

The deal is expected to be completed in the first quarter of 2018, subject to regulatory approvals and customary closing conditions.