Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Illinois Board OKs Passavant, Memorial Health Affiliation

The Illinois Health Facilities and Services Review Board has unanimously approved a proposed affiliation between Passavant Area Hospital in Jacksonville, Ill., and Memorial Health System, based in Springfield, Ill., according to a WUIS report.

Under the proposed partnership, Passavant would become the fourth affiliated hospital within Memorial Health System. The other three are Memorial Medical Center in Springfield, Abraham Lincoln Memorial Hospital in Lincoln, Ill., and Taylorville (Ill.) Memorial Hospital. Passavant, staffed for 93 inpatient beds and licensed for 108 beds, agreed to explore an affiliation with Memorial Health System in March 2013. Financial terms of the deal have not been disclosed.

Ed Curtis, Memorial's CEO, told WUIS the affiliation is on track to become finalized April 1. Memorial and Passavant are still waiting on approval from the Federal Trade Commission, according to the report.

More Articles on Hospital Transactions:
13 Recent Hospital Transactions and Partnerships
Huggins Hospital, Wentworth-Douglass Health System Won't Pursue Further Affiliation
Appalachian Regional Healthcare Reapplies to Buy Williamson Memorial 

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers