Proposed merger would create 14-hospital system


https://www.beckershospitalreview.com/hospital-transactions-and-valuation/proposed-merger-would-create-14-hospital-system.html

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Peoria, Ill.-based OSF HealthCare and Evergreen Park, Ill.-based Little Company of Mary Hospital and Health Centers are negotiating a full merger, according to a July 17 announcement.

OSF HealthCare, a 13-hospital system, and Little Company of Mary Hospital and Health Centers, a single-hospital system, will spend the next several months finalizing an agreement. The two Catholic healthcare organizations expect the merger, which is subject to regulatory and canonical approvals, to be completed in early 2020.

“Partnership development, particularly with other mission-driven organizations, is a key component of how we are successfully responding to the call to share our Ministry,” OSF HealthCare CEO Bob Sehring said in a press release. “We have long admired the strong Catholic heritage and commitment to the gift of life demonstrated by Little Company of Mary, and believe that together, we can create better health and deliver value for our communities.”

The merger of OSF HealthCare and Little Company of Mary Hospital and Health Centers would create a 14-hospital system with nearly 24,000 employees.

 

 

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