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
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