Jesuits Raise 150 Million Dollars In Sale Of Hospital

The nation's largest Jesuit Catholic university, Loyola University Chicago, announced intentions to sell its academic medical center in the Chicago suburbs to the national Roman Catholic system Trinity Health of Novi, Mich. Under the terms of a letter of intent jointly announced Friday by Loyola and Trinity, the 535-bed Loyola University Medical Center and its network of clinics and campuses would be sold to Trinity in a transaction that would include $150 million to build a “state of the art medical research enterprise” on the medical center's campus in Maywood, Ill., the systems said.

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