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Chicago & Midwest  + North Side  + Healthcare  | 

Pipeline Health Buys Weiss Memorial, Two Suburban Hospitals

Dallas-based Tenet Healthcare Corporation has completed the sale of its three remaining Chicago-area acute care hospitals—one on the North Side and two in the suburbs—to Pipeline Health LLC. The sale price wasn’t disclosed. The portfolio represents Los Angeles-based Pipeline’s first Chicago-area acquisition.

Included in the sale were Louis A. Weiss Memorial Hospital in Uptown; Westlake Hospital in Melrose Park; and West Suburban Medical Center in Oak Park. Among them, they total 700 beds.

Pipeline partnered with Dr. Eric Whitaker, a public healthcare advocate and friend of former President Barack Obama, on the acquisition. Whitaker has also joined Pipeline as a vice chair, based in Chicago.

“The rapidly-changing healthcare environment has left many community hospitals struggling financially,” said Whitaker. “Pipeline Health has a track record of success by rethinking how healthcare is delivered at the right time, in the right place, for the right cost.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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