Northwestern faculty medical foundation grows its practice

Lauren Caruba, Assistant Campus Editor

The Northwestern Medical Faculty Foundation, a physicians group affiliated with Northwestern’s Feinberg School of Medicine, recently expanded its practice by acquiring one of the biggest independent medical practices in the Chicago area, according to Crain’s Chicago Business.

The practice, Chicago Lake Shore Medical Associates, is comprised of about 50 physicians specializing in areas including plastic surgery, dermatology and gastroenterology.

The doctors will join the nearly 800 individuals making up NU’s faculty foundation, which is the second-biggest medical practice in the Chicago area. Members of the Northwestern Medical Faculty Foundation practice at both Northwestern Lake Forest Hospital, located in the northern suburbs, and at Northwestern Memorial Hospital in Streeterville.

In addition to being one of the largest practices in the area, the faculty foundation is also one of the most profitable, netting $454 million in revenue during 2011. In terms of revenue, the group ranks only behind Advocate Medical Group, according to an annual list of the largest physicians groups compiled by Crain’s.

Joining the practice will be Robert Havey, a Feinberg alumnus who has treated notable individuals including Bill Kurtis, a newsman for WBBM-TV/Channel 2, and Roger Ebert, a film critic for the Chicago Sun-Times. Havey founded Chicago Lake Shore in 1980.

“We are very pleased to welcome Dr. Havey and (Chicago Lake Shore’s) outstanding team of health care professionals,” said Norm Botsford, executive vice president and chief operating officer of the faculty foundation, in a statement to Crain’s Chicago Business.

— Lauren Caruba