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Chicago & Midwest  + South Side  + Healthcare  | 

UChicago Medicine Will Take Controlling Stake in AdventHealth’s Great Lakes Region

The University of Chicago Medicine has agreed to acquire a controlling interest in AdventHealth’s Great Lakes Region — including its four Illinois hospitals in Bolingbrook, Glendale Heights, Hinsdale and La Grange — with AdventHealth retaining the remaining ownership and continuing to manage daily operations of the facilities. UChicago Medicine and AdventHealth will each retain their current system-level governance and administrative structures. 

“Joining UChicago Medicine will allow us to further our mission and enhance our ability to deliver high-quality, whole-person care to more people in the communities served in the greater Chicago area,” said Terry Shaw, AdventHealth president/CEO. 

The affiliation plans come on the heels of Hyde Park-based UChicago Medicine’s February announcement to build a $633-million freestanding comprehensive cancer facility; the August groundbreaking of a 130,000-square-foot multispecialty ambulatory center in Crown Point, IN; and the summer launch of the South Side Healthy Community Organization, a collaboration between UCM and 12 other healthcare organizations. 

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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 13-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 15-20 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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