UPDATED: Presence medical centers being sold to OSF HealthCare

UPDATED: Presence medical centers being sold to OSF HealthCare

UPDATED AT 11:28 A.M.

URBANA — Presence Covenant and Presence United Samaritans medical centers are being sold to Peoria-based OSF HealthCare, pending regulatory approval.

Both Catholic health care systems have signed a letter of intent for OSF to take over ownership of Presence's two downstate hospitals early next year, OSF said Tuesday.

They're in the process of finalizing the deal, and will seek the necessary state and canonical approvals. They expect the sale to close in the first quarter of 2018, according to an announcement by OSF.

"The summer marks 140 years since the founding of our health care ministry," said Sister Judith Ann Duvall, OSF HealthCare board chairwoman. "I can think of no more joyous way to celebrate the occasion than by extending the OSF HealthCare mission to Urbana and Danville."

Kevin Schoeplein, CEO of OSF HealthCare, said Covenant and United Samaritans medical centers are part of vibrant communities and will help extend the OSF ministry to patients throughout Illinois.

"We will work closely with the Presence Health team to ensure a smooth transition for the associates now employed at these hospitals," he said. "We look forward to connecting with them and working together for the benefit of our patients. In addition, our OSF HealthCare team plans to reach out to other health care providers in these areas, as well as community members, local organizations and business and municipal leaders to cultivate a collaborative relationship for the health of all in these communities."

The two Presence downstate hospitals together employ more than 1,200 people, 700 at the 206-bed Covenant and over 550 at the 174-bed United Samaritans.

The sale will leave Presence Health with 10 hospitals.

OSF HealthCare is owned and operated by the Sisters of the Third Order of St. Frances.

It already operates 11 hospitals, 10 in Illinois and one in Michigan, along with two colleges of nursing and other health services. It employs nearly 19,000 people at 115 locations and has a physician network that employs nearly 1,200 doctors and advance practitioners. Its 2016 revenues were $2.4 billion.

"For a long time, we have respected OSF HealthCare's integrity and commitment to their Catholic health care mission, one that closely aligns with Presence Health's," said Mike Englehart, Presence Health's president and CEO. "The extensive network of OSF HealthCare hospitals and outpatient services throughout the region positions it well to serve the Urbana and Danville communities. For Presence Health, this opportunity allows us to focus on delivering high-quality patient care in northern Illinois, while supporting our long-term sustainability to continue our mission."

Leaders of the two downstate hospitals weren't immediately available for interviews.

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burl55 wrote on August 08, 2017 at 12:08 pm

They employ 12,600 in two downstate hospitals?

700 + 550 = 12,600? I'm confused! Is it Common Core?

The dumbing down of America is a success.

 

"The two Presence downstate hospitals together employ more than 12,500 people, 700 at the 206-bed Covenant and over 550 at the 174-bed United Samaritans."

Orbiter wrote on August 08, 2017 at 1:08 pm

Obviously a typo... which has been fixed in the updated article.