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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
