Condell, Lake County’s largest hospital, may soon be for sale to the highest bidder. Condell and Chicago-based Advocate Health have been in talks about Advocate buying Condell to expand Advocate’s presence in Lake County. Advocate has signed an agreement to buy Condell for $180 Million. Condell has faced financial trouble in recent years, losing upwards of $20 Million in patient revenue. Often, when hospitals lose money they may cut costs in patient care which can lead to medical malpractice lawsuits. State and Federal regulators still need to approve the deal.
Read more here.