PERU – Two area hospitals have signed an agreement to consolidate their healthcare operations. It was announced Wednesday that Illinois Valley Community Hospital has agreed to form a regional health network with St. Margaret’s Health in Spring Valley. The Peru facility will be renamed St. Margaret’s Health – Peru and St. Margaret’s Hospital will be known as St. Margaret’s Health – Spring Valley. The new organization will be governed by SMP Health System through a new regional parent company, which will have board members representing the local communities historically served by the two health systems. The full merger is expected to take one to two years.
“We are extremely pleased that IVCH has chosen to partner with St. Margaret’s and the SMP Health System. SMP Health System is looking forward to working with our IVCH colleagues to create a vibrant healthcare network which will better serve the needs of the Illinois Valley community,” said Aaron K. Alton, President/CEO SMP Health System. “This new partnership will also help to expand the Mission of the Sisters of Mary of the Presentation.”
“Our collective efforts will allow us to better address the challenges we face in today’s healthcare climate,” said Tim Muntz, St. Margaret’s President/CEO. “This affiliation allows us the opportunity to enhance our operations and services, while also exploring the possibilities of bringing additional services to our community.”
“Joining St. Margaret’s and SMP Health System provides us the best opportunity to preserve the care provided by IVCH and ensure the health needs of our community will be met long into the future,” said Tommy Hobbs, CEO at IVCH. “Nothing is more important to us than the well-being of those we serve.”