Peoria, Ill.-based OSF HealthCare is making moves to purchase St. Margaret's Hospital, which shuttered in January, WCBU reported May 5.
The Peru, Ill.-based hospital closed with only days' notice. OSF HealthCare said it hopes to reopen the emergency room and other inpatient services.
The hospital's leadership has signed a letter of intent to sell the hospital and other, unspecified Illinois Valley facilities to OSF.
St. Margaret's Hospital currently belongs to parent company SMP Health System, based in Fargo, N.D.