Central Illinois Health System to Merge with Advocate Health

Normal, Ill.-based BroMenn Healthcare and Oakbrook, Ill.-based Advocate Health Care have filed a change of ownership exemption application with the state of Illinois to merge, according to a report by The Pantagraph.

Advertisement

BroMenn and Advocate signed a letter of intent to merge in Dec. 2008, which was extended in April.

Advocate approached BroMenn about the merger as part of the system’s desire to expand operations outside of the greater Chicago area, according to the report.

The two health systems are expected to finalize their agreement within 30 days.

Read The Pantagraph’s report on the BroMenn/Advocate merger.

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.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.