OSF HealthCare Committed to Illinois Valley Communities
Like many in the community, OSF HealthCare is saddened by this news of the closure of St. Margaret’s Health – Peru. We understand the impact this news has on Illinois Valley residents who are facing an immediate need for medical care.
To help with this situation, OSF HealthCare is moving quickly to purchase select real estate assets. OSF will lease medical office locations including the Midtown Plaza complex, Midtown Health Center and Granville Clinic back to St. Margaret’s Health, so that St. Margaret’s can continue operations at these locations as well as the other locations being purchased. OSF will directly take on the leases for the Midtown Plaza businesses such as Sherwin-Williams.
OSF HealthCare also intends to purchase the hospital in Peru and to open the facility as a second campus of OSF Saint Elizabeth Medical Center, Ottawa. This will allow an emergency department and still to-be-determined inpatient and outpatient services to again be available in Peru. Until the purchases by OSF Healthcare are finalized, St. Margaret’s and OSF Healthcare must continue to operate independently.
The purchase by OSF HealthCare of specific St. Margaret’s Health assets will not be enough to fix the financial challenges, and therefore, St. Margaret’s Health has made the difficult decision to close clinics in Henry, LaSalle and Streator. In addition, St. Margaret’s Health is working with the investment bankers, Juniper Advisory Group, for the sale of other properties that are not included in the OSF transaction.
OSF HealthCare is an integrated health system owned and operated by The Sisters of the Third Order of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare has 15 hospitals – 10 acute care, five critical access - with 2,084 licensed beds throughout Illinois and Michigan. OSF employs nearly 24,000 Mission Partners throughout 150+ locations; has two colleges of nursing; operates OSF Home Care Services, an extensive network of home health and hospice services; owns Pointcore, Inc., comprised of health care-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising health care innovation startups. In 2020, OSF OnCall was established, a digital health operating unit, including a hospital-at-home, which delivers care and services when, where and how patients prefer to receive them. OSF HealthCare has been recognized by Fortune as one of the most innovative companies in the country. More at osfhealthcare.org/.