Blue Cross and Blue Shield of Illinois will open a multipurpose center in place of a shuttered Target

Blue Cross and Blue Shield of Illinois plans to open a new center in Chicago's South Side in 2020 that will provide more than 500 jobs. (Blue Cross and Blue Shield of Illinois)

Blue Cross and Blue Shield of Illinois is planning to open a new center in a former retail location in Chicago intended to bring more than 500 jobs.

The 130,000-square-foot center is expected to house offices for the insurer and offer health and wellness activities, the insurer said on Tuesday. The center will be located on Chicago’s South Side and will open in 2020.

“This new center will eventually bring 550 jobs to Chicago’s 34th Ward—most of those will be new positions,” said Maurice Smith, president of Health Care Service Corporation, the insurer’s parent company, in a statement. “Our aim is to create a multifunctional space for both employees and the local community once we open our doors in 2020.”


Learn What 1,000 People Said About Their Virtual Care Experiences During COVID-19

72% of patients had their first virtual visit during the pandemic and most now want it as a permanent option. Learn what else our survey revealed about their experiences with virtual visits, preferences for scheduling them, and more.

This will be the second health and wellness location in the South Side that Blue Cross will open. Blue Cross already opened the Blue Door Neighborhood Center in the Pullman neighborhood back in April, but that location does not have employee offices.

RELATED: HCSC launches new employee education program, Blue University

The space formerly housed a Target that left the South Side neighborhood in February, according to the Chicago Tribune.

The Chicago-based Blues plan has been a major player in creating accountable care organizations in the state. It has more than doubled its ACO partnerships with doctors and hospitals in recent years, part of a greater trend across the provider industry.

Suggested Articles

While the COVID-19 pandemic has wreaked financial havoc across healthcare, it did not stymie mergers and acquisition deals as much as anticipated.

Some labs are starting to reach capacity for COVID-19 testing amid a major spike in cases across sunbelt states, HHS reported.

Health technology continues to be one of the bright spots during the economic downturn. Here's how much investors poured into the market in 2020.