After a lengthy negotiating period, St. Margaret’s Health and Illinois Valley Community Hospital have made a decision to join forces, creating a regional network.
Leaders from the two hospitals have signed a binding “Definitive Agreement” to consolidate their operations. The new set up will be governed by SMP Health System through a new regional parent company.
IVCH will become St. Margaret’s Health-Peru. St. Margaret’s Hospital will be known as St. Margaret’s Health-Spring Valley. The hospitals hope to finalize their affiliation by the end of the year. It could take two years for the full integration of the two companies.