Ingalls Memorial signs letter of intent to combine with U of C Medicine

Ingalls Health System, which runs a small community hospital in the southwest suburb of Harvey, has signed a letter of intent to combine with University of Chicago Medicine’s sprawling network of facilities and physicians.

In an announcement Thursday, U of C Medicine and Ingalls said they will engage in exclusive negotiations and begin planning the terms of their potential transaction. For Ingalls, the letter of intent is a culmination of seven months of searching for a partner…Please click here to read John Russell’s story in the Tribune. A related story is here in the Times.