State of Illinois Approves Carle Hospital's Acquisition of Clinic
March 03, 2010
Illinois' Health Facilities Services and Review Board has approved a plan by Carle Foundation Hospital in Urbana, Ill., to acquire Carle Clinic, according to a report by WCIA 3 News.
Non-profit Carle Foundation Hospital will acquire the currently for-profit clinic for $250 million. After the acquisition is finalized, Carle Clinic will become a non-profit entity.
The deal was first announced in December and is expected to improve healthcare access in the community, according to the report.
Read WCIA 3 News' report on the Carle Foundation Hospital and Carle Clinic merger.
© Copyright ASC COMMUNICATIONS 2011. 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.