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Proctor Hospital Agrees to Merge With UnityPoint Health-Methodist

Executives at UnityPoint Health-Methodist and Proctor Hospital, both based in Peoria, Ill., have signed an initial affiliation agreement that would merge the two organizations under one system.

Financial terms of the deal were not disclosed. Under the deal, UnityPoint Health-Methodist will be the sole parent organization for the 220-bed Proctor, and it will add three members from Proctor to its board. UnityPoint Health-Methodist will still be a senior affiliate of UnityPoint Health, which is based in West Des Moines, Iowa, and formerly known as Iowa Health System.

UnityPoint Health-Methodist currently includes Methodist Medical Center. Proctor would become a separate hospital campus and would be renamed UnityPoint Health-Proctor.

The Illinois Health Facilities and Services Review Board must approve the affiliation, but hospital executives expect the transaction to close by the end of this year.

Whispers of an affiliation between UnityPoint Health-Methodist and Proctor emerged in August.

More Articles on Hospital Transactions:
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