Loyola University Chicago (LUC) and Trinity Health, based in Novi, Mich., have announced that Loyola University Health System (LUHS), located in Maywood, Ill., has become a part of Trinity Health, effective today. LUHS was formerly a wholly owned subsidiary of the University.
With the consolidation, Trinity Health and LUHS join forces to bring increased resources and greater efficiencies for patients who rely on the health system's cutting-edge treatments and exceptional care. At the same time, Trinity Health and LUHS will work closely with LUC's recently reorganized Health Sciences Division to support health-sciences education and research. The entities will work collaboratively to become one of the nation's leading providers of Catholic health care, research, and medical education.
"This collaboration holds great promise for the future and is an excellent foundation for growth to better serve the Chicago-area community," said Joseph R. Swedish, president and CEO of Trinity Health. "The consolidation brings together two strong Catholic health systems committed to investing in patient care, infrastructure, facilities, and research. I am confident that, together, Trinity Health, LUC, and LUHS will become a leader for Catholic collaboration in Chicago and across the nation."
Per the agreement, Trinity Health becomes the owner of LUHS, while the Stritch School of Medicine and Marcella Niehoff School of Nursing, along with several key research programs and initiatives, will remain within the University. The organizations will remain interconnected, as Trinity Health will also support these schools by investing in health-sciences education and research, and LUHS physicians will continue to have faculty roles within Stritch.
"Loyola University Chicago has been providing outstanding medical education and research for more than 100 years," said Michael J. Garanzini, S.J., president of Loyola University Chicago. "We recently reorganized Loyola's Health Sciences Division to clarify and enhance the University's academic and research enterprise at the medical center campus and to establish a strong University partner aligned fully with LUHS's clinical operations and patient care. We have an optimal structure for educating physicians, nurses, and other health care workers and for conducting game-changing health care research to benefit our local communities and beyond."
Today's announcement brings a close to a process that began in March with the filing of a Letter of Intent to consolidate. Since then, LUC and Trinity Health have received the required regulatory approvals, finalized a Definitive Agreement, and obtained approvals from the LUC and Trinity Health boards.
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