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Presence Health was formed in 2011 by the merger of two Chicago-area Catholic health care systems, Resurrection Health Care and Provena Health. [1] Sandra Bruce was named CEO of the company. She had been chief executive of Resurrection Health since 2008. [1] Bruce retired from the company in July 2015. [4]
The Pension Benefit Guaranty Corp. approved a $23.6 million pension bailout on Oct. 23 for the Midwestern Teamsters Pension Plan, based in Oak Brook, Illinois, which covers 615 participants in the ...
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
Resurrection Health Care took over Saint Francis Hospital in 1977. When Resurrection Health Care merged with Provena Health to form Presence Health in 2011, the hospital was renamed Presence Saint Francis Hospital. [3] The hospital was again renamed when Presence Health merged into AMITA Health in 2017. [4]
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