The board’s approval moves the organizations one step closer to finalizing their deal. With the board’s approval, the two entities are permitted to create a new nonprofit parent corporation — Memorial Regional Health Services, Inc. The new organization’s board will contain an equal number of members from each entity.
Although there are still additional regulatory hurdles to pass, a spokeswoman for Memorial Group told the Belleville News-Democrat that the agreement is expected to be finalized later this summer.
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