The combined system is called St. Margaret’s Health, and it will be governed by Fargo, N.D.-based SMP Health System.
“We are extremely pleased that, after a two-year process, we have finalized the agreement to form one entity that will serve the healthcare needs of the Illinois Valley,” SMP Health System President and CEO Aaron Alton said, according to the Mendota Reporter.
With the deal complete, Illinois Valley Community Hospital is now St. Margaret’s Health-Peru, and St. Margaret’s Hospital has been renamed St. Margaret’s Health-Spring Valley.
More articles on healthcare industry transactions:
CHS sells 2 Tennessee hospitals
Washington hospital splits from Virginia Mason
LifePoint to sell Washington hospital
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.
