DANVILLE — OSF HealthCare and Presence Health have signed a letter of intent for OSF to take ownership of Presence United Samaritans Medical Center in Danville and Presence Covenant Medical Center in Urbana.
The two organizations are finalizing the agreement and then will seek all necessary approvals. The transaction is expected to close during the first quarter of calendar year 2018, according to information provided Tuesday by OSF officials.
There are no plans to reduce services or positions at the local hospitals, said Shelli Dankoff, OSF HealthCare media relations coordinator, adding, “This transition will ensure that high-compassionate and faith-based health care will remain strong in our communities.”
Leaders at Presence United Samaritans were not available for comment.
Both systems are collaborating closely to ensure a seamless transition for patients, associates, physicians and other stakeholders.
Kevin Schoeplein, CEO with OSF HealthCare, said the OSF team plans to reach out to other health-care providers in the community, as well as community members, local organizations, and business and municipal leaders to cultivate a collaborative relationship for the health of all the community.
He added, “OSF HealthCare is looking forward to these two hospitals becoming part of the OSF Ministry. The Urbana and Danville communities are vibrant areas and will help extend the OSF HealthCare Ministry to patients throughout Illinois.”
Sister Judith Ann Duvall, O.S.F., chairperson of the OSF HealthCare board, said, “This transfer of ownership ensures high-quality Catholic hospital services will continue in these communities we have been called to serve.”
This summer marks 140 years since the founding of the health care ministry, she said. “I can think of no more joyous way to celebrate the occasion than by extending the OSF HealthCare mission to Urbana and Danville,” she said.
Mike Englehart, president and CEO of Presence Health, said Presence respects OSF’s integrity and commitment to its Catholic health care mission, one that closely aligns with Presence Health’s.
“We also know OSF HealthCare will transition the associates and physicians in a fair manner and maintain continuity in providing high quality patient care,” he said. “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.”
Following the transition, Presence Health will continue to provide care at its 10 other hospitals throughout the greater Chicago area.
OSF HealthCare is an integrated health system owned and operated by the Sisters of the Third Order of St. Francis, headquartered in Peoria.
OSF HealthCare employs nearly 19,000 mission partners in 115 locations, including 11 hospitals and two colleges of nursing throughout Illinois and Michigan. Its physician network employs nearly 1,200 physicians and advanced practice providers.
Presence Covenant has 206 beds, with more than 700 employees.
Presence United Samaritans has 174 beds, with more than 550 employees.
Presence Health is one of the largest Catholic health systems in Illinois, serving more than 4 million people in 11 counties. With more than 150 sites of care including 12 hospitals, more than 17,700 associates and more than 4,000 medical professionals, Presence Health has annual revenue of $2.6 billion.
According to an article in Crain’s Chicago Business, Presence ended 2016 with $2.71 billion in total revenue and a $40 million in operating loss. OSF had $2.42 billion in total revenue in 2016 and a $56.6 million profit, according to its audited financial statement.
Both Presence facilities show a trend happening at hospitals nationwide, as hospitalizations decrease due to the use of outpatient clinics, the stress on prevention and advanced technology, according to the Crain’s article.
Presence hospitals sold to OSF HealthCare | Local News