OSF officially takes over Illinois hospital

Peoria, Ill.-based OSF HealthCare officially assumed control over  Dixon, Ill.-based Katherine Shaw Bethea Hospital on Jan. 1, making it the Catholic-based, non-profit health system’s 17th hospital acquisition. 

Advertisement

OSF HealthCare entered into exclusive negotiations for the 80-bed hospital in May and received approval to acquire the facility in September. 

The hospital now operates as St. Katharine Medical Center and will follow the religious and ethical directives set by the U.S. Conference of Catholic Bishops. It will also offer services including OSF OnCall and OSF MyChart through an Epic integration, , according to a Jan. 7 news release.

 The addition puts OSF HealthCare at nearly 25,000 employees at more than 150 locations.

“We’ve grown significantly over the last 10 to 15 years, and so [we are] looking forward to a very smooth integration,” Kirsten Largent, CFO of OSF HealthCare, told Becker’s Dec. 30. “Our last few acquisitions have been focused on standalone facilities that have struggled to continue to work as a standalone entity and bring them into access, leverage and all of our various specialty areas of care.”

Editor’s note: This story was updated on Jan. 7 at 4:42 p.m. CT.

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.