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OSF to acquire Kewanee Hospital

Tue, 06 Nov 2012 14:25:37 CST
By: Charlie Schlenker

Medical industry consolidation in Illinois continues with OSF Healthcare announcing it will absorb Kewanee Hospital. Kewanee hospital, like many standalone medical providers has been evaluating its position for several years and the hospital's board Chair Gary Pheiffer (FIFE-uhr)says a letter of intent to affiliate with Peoria-based OSF will allow the facility in Henry County to offer more specialty services. Pheiffer says the onset of accountable care organizations, increasing technology demands, and the difficulty of recruiting doctors and advanced practice nurses mean solo operations are becoming rare. Pheiffer says Kewanee hospital finished last year in the black. For the next several months OSF and Kewanee Hospital will engage in due diligence analysis before deciding to consummate the affiliation.

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