Peoria, Ill-based OSF Healthcare System has signed a definitive agreement to acquire Ottawa (Ill.) Regional Hospital & Healthcare Center, according to an OSF news release.
As part of the agreement, Ottawa Regional will be renamed OSF Saint Elizabeth Medical Center. The two have been exploring a merger since Oct. 2010. The deal is expected to be finalized this spring, pending approval from the Illinois Health Facilities & Services Review Board and Ottawa Regional's corporate members.
Illinois' Ottawa Regional to Merge With OSF Healthcare
As part of the agreement, Ottawa Regional will be renamed OSF Saint Elizabeth Medical Center. The two have been exploring a merger since Oct. 2010. The deal is expected to be finalized this spring, pending approval from the Illinois Health Facilities & Services Review Board and Ottawa Regional's corporate members.
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