OSF intends to buy the hospital for $38 million. If acquired, OSF would operate the hospital as a second campus to Ottawa, Ill.-based OSF’s Saint Elizabeth Medical Center.
The news comes after Spring Valley, Ill.-based St. Margaret’s Health announced plans to close June 16. OSF does not intend to buy the Spring Valley 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.