Peoria, Ill-based OSF Healthcare System has signed a definitive agreement to acquire Ottawa (Ill.) Regional Hospital & Healthcare Center, according to an OSF news release.
As part of the agreement, Ottawa Regional will be renamed OSF Saint Elizabeth Medical Center. The two have been exploring a merger since Oct. 2010. The deal is expected to be finalized this spring, pending approval from the Illinois Health Facilities & Services Review Board and Ottawa Regional’s corporate members.
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