The ABC7 I-Team has learned one of the points in that agreement could include Resilience Healthcare CEO Manoj Prasad's exit from the beleaguered hospital.
Those negotiations are taking place because of a court battle between Prasad and the hospital's landowner, Rathnaker "Reddy" Patlola, after the business relationship dissolved and the two sued each other.
A hearing to discuss the status of a settlement is scheduled for Thursday morning.
Former physicians and community members who relied on the hospital are worried over the future of the shuttered hospital, and skeptical of any agreement made.
"I don't see how this serves the community without a new owner that fundamentally commits to a new way of ownership," said Dr. Vishnu Chundi, a former West Suburban physician and chair of the Chicago Medical Society's task force to restore care at West Suburban Medical Center.
Chundi told the I-Team he believes the only path forward for Oak Park's West Suburban Medical Center is with the exit of its leader.
"You've got physicians who have no trust in this ownership or the owner of the land anymore," Chundi said. "You need something that helps the community with what their needs are."
West Suburban Medical Center closed abruptly in March and restarted some patient access to clinics in April.
But last week, the facility was forced to shutter those remaining services by the Village of Oak Park after the fire department was called to rescue patients on higher floors due to broken elevators.
"The hospital has 28 elevators, none of which were functional," said village spokesperson Dan Yopchick. "That necessitated the [hospital's] closure."
Yopchick said the village is requiring at least two elevators to be repaired, operable and pass inspection before the facility can reopen.
Even if Prasad leaves his leadership role, it is still unclear how West Suburban would be capable of reopening.
Chundi said former physicians and other staff at West Suburban Medical Center are working to recoup more than $1 million dollars still owed for past services rendered.
"There has not been any communication from Dr. Prasad and company about how they're going to settle those fees," Chundi said.
Neither Prasad nor Patlola responded to the I-Team's request for comment on Wednesday.
Regardless of what happens in court on Thursday, any changes to the hospital need to happen quickly as a deadline for the provider's federal license approaches.
A federal license for West Suburban Medical Center to receive Medicare and Medicaid funding is set to expire Sept. 30, if no corrective actions take place, including building repairs and other deficiencies, according to an Illinois Department of Public Health inspection report reviewed by the I-Team.