OSF HealthCare and Presence are finalizing the agreement and will seek necessary regulatory approvals.
The health systems anticipate the transaction will close in the first quarter of 2018. Afterward, Presence will become a 10-hospital system.
Financial terms of the agreement were not disclosed.
More articles on transactions and valuation:
Piedmont Healthcare opens 27 retail clinics in Atlanta Walgreens stores
Baylor Scott & White now co-owner of Texas Spine & Joint Hospital
University of Chicago Medicine partners with Community Hospital of Indiana to treat high-risk pregnancies
