CGH Medical Center in Sterling, Ill., is in the final stages of negotiations to acquire Sterling Rock Falls Clinic, a primary and specialty physician office based in Sterling, according to a CGHMC news release.
The deal in intended to improve physician recruitment and retention and "meet the future demands of a healthcare provider as necessitated by healthcare reform," according to the release.
Financial terms of the agreement were not disclosed.
The transaction is expected to be complete by Dec. 31.
Read the news release on CGH Medical Center.
Read more coverage on hospital acquisitions of physician offices:
- 6 Things Health Systems Look For When Acquiring a Hospital
- 3 Considerations for Hospitals Acquiring Practices
The deal in intended to improve physician recruitment and retention and "meet the future demands of a healthcare provider as necessitated by healthcare reform," according to the release.
Financial terms of the agreement were not disclosed.
The transaction is expected to be complete by Dec. 31.
Read the news release on CGH Medical Center.
Read more coverage on hospital acquisitions of physician offices:
- 6 Things Health Systems Look For When Acquiring a Hospital
- 3 Considerations for Hospitals Acquiring Practices