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Advocate Aurora Health to sell 2 hospitals

Advocate Aurora Health, a 28-hospital system with dual headquarters in Downers Grove, Ill., and Milwaukee, has entered into a definitive agreement to sell two hospitals to Urbana, Ill.-based Carle.

Under the agreement, Carle will acquire Advocate BroMenn Medical Center in Normal, Ill., Advocate Eureka (Ill.) Hospital and their affiliated sites.

"This transition is positive news for our patients, team members and physicians as it further supports our commitment to provide high quality, accessible health care for the Central Illinois region," Colleen Kannaday, president of Advocate BroMenn Medical Center and Advocate Eureka Hospital, said in a news release. "Our relationship with Carle is built upon a strong foundation of successful clinical partnerships and we look forward to a seamless transition."

Terms of the transaction, which is subject to regulatory approval, were not disclosed. The organizations expect the deal to close by mid-year 2020.

More articles on healthcare industry transactions:

Emory, LifePoint form joint venture
University of Washington Medical Center adds 2nd campus
Piedmont joint venture acquires 9 urgent care centers

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