Springfield, Ill.-based HSHS Medical Group, affiliated with St. John's Hospital, has acquired Chatham (Ill.) Family Practice, according to a State Journal Register report.
The practice has three physicians. Financial terms of the acquisition were not disclosed, but the deal did not involve a cash transaction, according to the report.
The resources of HSHS will allow the practice to convert fully to electronic medical records within about a year, according to the report.
HSHS Medical Group, part of Springfield-based Hospital Sisters Health System, is continuing to build its primary-care network in the Springfield area, according to the report.
Read the State Journal Register report on HSHS Medical Group and Chatham Family Practice.
Read about other physician groups integrating with hospitals:
- 9 Recent Transactions Between Hospitals and Physician Groups
- 10 Recently Launched ACOs
The practice has three physicians. Financial terms of the acquisition were not disclosed, but the deal did not involve a cash transaction, according to the report.
The resources of HSHS will allow the practice to convert fully to electronic medical records within about a year, according to the report.
HSHS Medical Group, part of Springfield-based Hospital Sisters Health System, is continuing to build its primary-care network in the Springfield area, according to the report.
Read the State Journal Register report on HSHS Medical Group and Chatham Family Practice.
Read about other physician groups integrating with hospitals:
- 9 Recent Transactions Between Hospitals and Physician Groups
- 10 Recently Launched ACOs