Proposed merger would create 14-hospital system

Peoria, Ill.-based OSF HealthCare and Evergreen Park, Ill.-based Little Company of Mary Hospital and Health Centers are negotiating a full merger, according to a July 17 announcement.

Advertisement

OSF HealthCare, a 13-hospital system, and Little Company of Mary Hospital and Health Centers, a single-hospital system, will spend the next several months finalizing an agreement. The two Catholic healthcare organizations expect the merger, which is subject to regulatory and canonical approvals, to be completed in early 2020.

“Partnership development, particularly with other mission-driven organizations, is a key component of how we are successfully responding to the call to share our Ministry,” OSF HealthCare CEO Bob Sehring said in a press release. “We have long admired the strong Catholic heritage and commitment to the gift of life demonstrated by Little Company of Mary, and believe that together, we can create better health and deliver value for our communities.”

The merger of OSF HealthCare and Little Company of Mary Hospital and Health Centers would create a 14-hospital system with nearly 24,000 employees.

More articles on healthcare industry transactions:

Beaumont to acquire Summa Health: 4 things to know
WVU Health System adds 10th hospital
Boca Raton Regional merges with Baptist Health

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.