Cooperating for better care.

University of Chicago Medicine

Tag Archives

University of Chicago Medicine to borrow lots more


Part of the University of Chicago Medicine.

Even as other big not-for-profit hospital systems are reducing debt, University of Chicago Medicine plans to borrow more  to finance a  big expansion of its  main Hyde Park campus.

The Chicago Tribune reported: “The medical center has amassed $868 million in long-term debt to modernize its health care facilities and expand to the suburbs. The credit rating agencies were already concerned about the amount of debt before the medical center announced plans Thursday to borrow an additional $200 million to enlarge its emergency room to add trauma services and increase the number of hospital beds by 30 percent.”

UChicago to put trauma center at its campus


University of Chicago Medicine will put a Level 1 adult trauma center at its campus in the Hyde Park section of Chicago’s South Side,  in a move that pleases community activists who have accused the elite university of slighting the largely low-income South Side.
Modern Healthcare reported that “Sharon O’Keefe, president of University of Chicago Medicine, said clinicians and leaders from Sinai Health System and UChicago concluded that, with the planned construction of a new emergency room and growing specialty care, there was a significant opportunity to integrate services between an adult trauma center and the hospital’s existing Level 1 pediatric trauma program at Comer Children’s Hospital, along with its Burn and Complex Wound Center. There were clinical synergies between departments that treat all ages like anesthesiology and radiology, as well as staff coverage from nursing and technical employees to make the move worth it, she said.”

University of Chicago acquiring a hospital


Contact Info

(617) 230-4965

Wellesley, Mass