A state review board has approved the sale of Weiss Memorial and West Suburban hospitals
, after years of angst between community members and the hospitals’ current owner.
“Over the past 30 years I’ve had the privilege of leading numerous health care organizations and have rescued a number of challenged facilities,” Prasad told the board Tuesday. “I have moved to live in this community with my family, and I plan to stay here with my ear to the ground to better under the communities’ needs.
New Jersey-based businessman Rathnakar Patlola is a financial partner in Resilience and will invest in the acquisition and operations. Patlola’s company Ramco Healthcare Holdings will own the land on which the hospitals sit, with Resilience entering into long-term lease agreements with Patlola.
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