From WILL - News Headlines -

Healthcare Providers Explore Possible Merger

The parent organization of Provena hospitals in Urbana and Danville is exploring a merger with another Catholic hospital system.

In a joint release, Mokena-based Provena Health and Chicago-based Resurrection Health Care say they have signed a non-binding Letter of Intent to look into combing their organizations.

In the release, Provena Health President and CEO Guy Wiebking said that a merger would "leverage the benefits" of their health care services under the federal health care reform law. Resurrection President and CEO Sandra Bruce said their common heritage as Catholic healthcare organizations could be a foundation for improved care in the communities they serve.

Provena Health and Resurrection Health Care operate six hospitals each, and dozens of other facilities, including clinics, nursing homes and home health agencies. Most are in Illinois. Their joint release states that combined, the two organizations would have a medical staff of nearly 5-thousand physicians and over 22,000 other employees.

Categories: Business, Health