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OSF Healthcare Finalizes Acquisition, Paving the Way for Healthcare Restoration in the Illinois Valley

By WCMY News Nov 18, 2023 | 5:15 AM

In a significant stride towards revitalizing healthcare services in the Illinois Valley, OSF Healthcare announced on Friday the successful completion of the asset purchase agreement of St. Margaret’s Health Peru and Spring Valley.

This strategic acquisition encompasses the former IVCH (Illinois Valley Community Hospital) and Spring Valley and Oglesby primary care facilities. OSF Healthcare expressed its commitment to the region in a statement, emphasizing the tireless efforts of its Mission Partners in undertaking essential on-site preparations for an imminent reopening.

“Our goal has been and continues to be to preserve and sustain access to high-quality, local healthcare for the residents of the Illinois Valley,” stated spokesperson Paul Arco. The completion of the asset purchase agreement marks a crucial step in the journey to restore and enhance healthcare services in the region.

OSF Healthcare remains dedicated to providing the Illinois Valley community with accessible and top-notch healthcare facilities. Paul Arco hinted at forthcoming announcements, stating, “OSF will have more to say about the hospital’s opening and other matters in the coming weeks.”

The community eagerly anticipates the positive impact of this development, as OSF Healthcare takes decisive steps to ensure the well-being of residents in the Illinois Valley. Stay tuned for further updates on the hospital’s reopening and the continued efforts to bolster regional healthcare.