Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

State health board approves BJC, Memorial Hospital affiliation

The Illinois Health Facilities and Services Review Board has approved the proposed affiliation between St. Louis-based BJC HealthCare and Memorial Hospital in Belleville, Ill., according to a Belleville News-Democrat report.

The board's approval moves the organizations one step closer to finalizing their deal. With the board's approval, the two entities are permitted to create a new nonprofit parent corporation — Memorial Regional Health Services, Inc. The new organization's board will contain an equal number of members from each entity.

Although there are still additional regulatory hurdles to pass, a spokeswoman for Memorial Group told the Belleville News-Democrat that the agreement is expected to be finalized later this summer.

More articles on healthcare industry transactions:

Peconic Bay Medical Center, North Shore-LIJ merger receives approval
6 recent hospital transactions and partnerships
Bankrupt Maine hospital merges with Mid Coast Health

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars