Edward Hospital & Health Services, Elmhurst Memorial Healthcare Plan to Merge
Under the proposed merger, there would be a three-hospital health system — Edward Hospital, Elmhurst Memorial and Linden Oaks at Edward in Naperville. The parent boards of each entity agreed to enter into a letter of intent to merge last week. Current president and CEO of Edward, Pam Davis, would be named CEO of the new health system upon completion of the merger, according to the release.
The deal is subject to state and federal regulatory review. Once approved, the merger would be completed in mid-2013, according to the release.
More Articles on Hospital Mergers:Albany Medical Center, Glens Falls Hospital Explore Partnership
Doctors Medical Center in California Considers Partnership with Avanti Hospitals
DuPage Medical Group, Humana Partner for Chicagoland Outpatient Clinic
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.