The two Catholic healthcare organizations will complete the merger after about six months of negotiations. After the deal is done, OSF will include 14 hospitals. Little Company of Mary Hospital will be renamed OSF HealthCare Little Company of Mary Medical Center.
OSF may add another hospital this year. The health system announced Jan. 28 that Perry Memorial Hospital, a 25-bed critical access hospital in Princeton, Ill., has signed a letter of intent to join OSF. Over the coming months, OSF, Perry Memorial Hospital and the city of Princeton will evaluate the potential transfer of ownership.
More articles on healthcare industry transactions:
Wyoming Medical Center signs letter of intent with Banner Health
For-profit hospital M&A update: 5 deals involving CHS, Tenet and HCA
Ascension, UAB Health develop 8-hospital alliance
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