Under the agreement, St. Margaret’s Health in Spring Valley and Illinois Valley Community Hospital in Peru will form a regional care network.
The new organization will be owned by Fargo, N.D.-based SMP Health System and be governed by a board of directors comprising representatives from SMP, St. Margaret’s and Illinois Valley.
The deal is expected to close Dec. 31.
More articles on healthcare industry transactions:
Washington hospital votes to split from Virginia Mason
Hospital M&A update: 5 recent deals
Penn State Health acquires hospital from Geisinger
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
