Pending regulator approval, St. Margaret’s Hospital and Illinois Valley Community Hospital are affiliating. More than a year-and-a-half since they announced talks about joining forces, the hospitals announced yesterday that they’ll become St. Margaret’s Health Spring Valley and St. Margaret’s Health Peru.
The Illinois Health Facilities and Services Review Board must approve the deal for it to happen. The hospitals expect that before the end of the year. After that, it’ll take one to two years for the two to fully integrate.
Stand-alone hospitals are becoming the exception instead of the rule. In the last decade, hospitals in Ottawa and Mendota became part of the OSF Healthcare system. IVCH will be part of the SMP Health System.