NorthShore University HealthSystem and Edward-Elmhurst Health Merge to Create Illinois’ Third-Largest Health Systems
“the merger will create a network of more than 300 clinics and other sites of care throughout the suburbs and parts of Chicago, uniting 25,000 employees and producing the second-largest physician network in Illinois, officials said. Combined, the new system will be home to more than 6,000 doctors.”
The past decade has seen a trend emerge within healthcare to operate more as retail unit. The COVID-19 pandemic has fast-tracked this effort.
Companies and individuals are concerned with how long this inflationary period will last and what can be done to combat a loss in cash flow. Investing in commercial real estte may just be the answer, suggests economists.
Here are three reasons to hit the pause button and reach out to a commercial real estate broker before renewing your lease.
Over the past three decades, the Chicago suburbs have seen a trend emerging in the medical real estate industry; the push towards a “hub and spoke” model. In this concept, hospitals are the central hub, and outpatient and surgery centers, as well as preventative care offices, are the spokes to the system
•This month the SBA opened the application portal for an increase in the COVID EIDL. Previously capped at $500,000, now businesses can apply for up to $2M in funding. The loans have a 30 year amortization with a 24 month deferment option and can be used to pay, or even prepay, commercial debt.