AGP Executive Report
Last update: 8 hours agoHealthcare & Jobs: Prime Healthcare will cut obstetrics services at three Chicago-area hospitals—Resurrection Medical Center, St. Joseph Medical Center (Joliet) and Mercy Medical Center (Aurora)—effective Oct. 1, shifting OB to St. Mary of Nazareth Hospital (Chicago) and Olympia Fields Hospital, while investing $1 million in maternal-health grants. Hospital Finance: Granite City’s Gateway Regional Medical Center delayed payroll for more than 600 employees, and CEO Mike Sarian personally loaned $1 million to cover the shortfall as the hospital transitions billing and revenue-cycle management. Consumer Fraud Watch: BBB Scam Tracker data shows Mahomet ranked among Illinois’ higher scam-report cities in July, with Chicago leading statewide; the FTC says fraud losses hit $12.5B in 2024. Local Public Safety: Chicago police are investigating a string of overnight burglaries targeting small retail stores across multiple neighborhoods, urging businesses to secure windows/doors and preserve surveillance footage. Business Growth: Rate is opening a profit-and-loss branch in Elmhurst, adding two former Fairway originators to expand its mortgage platform in the western suburbs. Biotech: uniQure filed for FDA accelerated approval of its Huntington gene therapy ifezuntirgene inilparvovec, seeking priority review. Policy & Markets: The FTC and 22 states, including Illinois and Indiana, sued Amazon over alleged inflated advertising prices. Community & Culture: Local Eclectic opened its first brick-and-mortar store in a renovated Streeterville mansion, marking a major retail milestone for the Chicago jewelry brand.
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