OSF HealthCare completes acquisition of 2 Presence Health hospitals

Peoria, Ill.-based OSF HealthCare finalized its acquisition of two Chicago-based Presence Health facilities in southern Illinois Feb. 1.

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Here are three things to know about the transaction.

1. OSF assumed control of Presence Covenant Medical Center, a 206-bed facility in Urbana, and Presence United Samaritans Medical Center, a 174-bed hospital in Danville, at midnight Feb. 1. Officials first announced the acquisition last September.

2. One of the biggest challenges hospital officials faced was transitioning the Presence Health hospitals to EHR systems.

“Think about getting your new phone for the very first time and having new gizmos and gadgets on it that you didn’t know existed and trying to re-organize your workflow on a phone. We’ve got to do that with every department over that organization. It’s monumental and the amount of information — the amount of flows the amount of touches. We talk high level and it’s 185 software applications but the sophistication of those software applications and the sequencing of how data flows back-and-forth between them is essential,” said Jim Mormann, CIO for OSF HealthCare.

3. OSF will keep technology staff on hand during the next several months to assist hospital staff with any questions or issues that may arise, according to Fox Illinois.

More articles on transactions and valuations:
34 hospital transactions and partnerships in January
Montefiore Health System acquires second hospital in 1 month
Cedars-Sinai finalizes affiliation with Torrance Memorial: 3 things to know

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