OSF HealthCare will purchase two hospitals from Illinois system Presence Health The two organizations have signed a letter of intent outlining plans for OSF to take ownership of Presence Covenant Medical Center in Urbana and Presence United Samaritans Medical Center in Danville, Illinois, the two systems announced.
The deal is expected to close during the first quarter of calendar year 2018. Both systems are working together to ensure a seamless transition for patients, associates, physicians and other stakeholders.
Presence Covenant Medical Center is located in Urbana. It has 206 beds and more than 700 employees. Presence United Samaritans Medical Center in Danville has 174 beds and more than 550 employees.
Peoria, Illinois-based OSF HealthCare is owned and operated by The Sisters of the Third Order of St. Francis. OSF HealthCare includes 11 hospitals and two colleges of nursing throughout Illinois and Michigan. They are affiliated with the University of Illinois. Its physician network employs nearly 1,200 physicians and advanced practice providers.
Presence Health is a Catholic health system serving more than 4 million people in 11 counties. The system includes 12 hospitals, over 17,700 associates and more than 4,000 medical professionals and has annual revenue of $2.6 billion.
"The extensive network of OSF HealthCare hospitals and outpatient services throughout the region positions it well to serve the Urbana and Danville communities," Mike Englehart, President and CEO, Presence Health said. "For Presence Health, this opportunity allows us to focus on delivering high quality patient care in northern Illinois, while supporting our long-term sustainability to continue our mission."
"We look forward to connecting with them and working together for the benefit of our patients. In addition, our OSF HealthCare team plans to reach out to other healthcare providers in these areas, as well as community members, local organizations, and business and municipal leaders to cultivate a collaborative relationship for the health of all in these communities," OSF HealthCare CEO Kevin Schoeplein said.