Mayer Brown advised Insight Chicago on the deal.
Insight Chicago executed its acquisition of Mercy Hospital & Medical Center from Trinity Health Corporation, in a deal that promises to keep the Bronzeville hospital open after months of uncertainty regarding its future. The sale is expected to close on June 1, 2021.
The announcement elates many members of the South Side community, who were faced with the possibility of losing a health care resource that has existed in the community for generations. Mercy Hospital is Chicago’s oldest hospital. It opened in 1852 and has operated in its current location at the intersection of 26th Street and Michigan Avenue since 1968.
The Mayer Brown team was led by Corporate & Securities partner Tom Thraya (Dubai/Washington DC; Picture) and associate Ryan Ferris and Restructuring partner Tom Kiriakos (both Chicago) and included: Tax Transactions & Consulting – partner Remmelt Reigersman (NorCal); Real Estate Markets – partner Ahmad Nofal and associate Jason Fried; Employment & Benefits – partner Stephanie Vasconcellos; Litigation & Dispute Resolution – counsel Kim Leffert and Jaimy Hamburg and associate Corwin Carr; and Corporate & Securities – associates Peter Osornio (all Chicago) and Miller Lulow (NY).
Involved fees earner: Corwin Carr – Mayer Brown; Ryan Ferris – Mayer Brown; Jason Fried – Mayer Brown; Jaimy Hamburg – Mayer Brown; Thomas Kiriakos – Mayer Brown; Kim Leffert – Mayer Brown; Miller Lulow – Mayer Brown; Ahmad Nofal – Mayer Brown; Pete Osornio – Mayer Brown; Remmelt Reigersman – Mayer Brown; Tahan Thraya – Mayer Brown; Stephanie Vasconcellos – Mayer Brown;
Law Firms: Mayer Brown;
Clients: Insight Chicago;