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Hospital Sisters Looks to Take Full Ownership of Community Memorial

Hospital Sisters Health System, based in Springfield, Ill., and Community Memorial Hospital in Oconto Falls, Wis., have signed a letter of intent to expand their partnership.

HSHS and Community Memorial, a critical access hospital, signed an affiliation agreement in May 2011 centered on physician recruitment and implementation of an electronic health record system. Those goals have since been reached, and now both parties are considering a scenario that would bring Community Memorial into the HSHS Eastern Wisconsin Division as a full member.

Both organizations are undergoing due diligence. A timeline for a definitive agreement was not given. Financial details of a potential deal were not disclosed.

More Articles on Hospital Transactions:
Illinois Board OKs Passavant, Memorial Health Affiliation
University of Texas Medical Branch, Angleton Danbury to Explore Partnership
13 Recent Hospital Transactions and Partnerships

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