CHICAGO — Novi, Mich.-based Trinity Health has closed its acquisition of Chicago's Loyola University Health System in a deal that totals more than $1 billion.

The acquisition marks the latest hospital merger in the Chicago area. Also Tuesday, Provena Health and Resurrection Health Care announced it had reached a merger agreement to create what will be Illinois' largest Catholic health care network. That deal still needs Illinois approval.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.