SPRING VALLEY, Illinois (March 4, 2019) -St. Margaret's Health in Spring
Valley, a member of SMP Health System, and Illinois Valley Community Hospital
(IVCH) in Peru have signed a non-binding Letter of Intent (LOI) to consolidate
their healthcare operations and form a regional health network. Over the
coming months, the hospitals will perform appropriate due diligence and
define details of the proposed affiliation that will strengthen healthcare
services across the region.
"St. Margaret's and IVCH have proudly served this region for
more than 100 years. The delivery of care has changed dramatically over
that time and we believe we can provide our patients even better care
close to home by coming together", said Tim Muntz, St. Margaret's
President/CEO. Aaron Alton, President/CEO of SMP Health System. commented
that, "Since the first Sisters of Mary of the Presentation arrived
in 1903, St. Margaret's has been proudly serving the area with quality
care in the Catholic tradition. We are excited about this opportunity
to provide compassionate care to the communities and surrounding areas
served by St. Margaret's and IVCH, in the same spirit of the SMP Sisters."
St. Margaret's and IVCH already collaborate on other joint initiatives,
such as Valley Regional Health Services and Valley Regional Cancer Center.
These collaborations have supported a shared vision for efficiently delivering
high-quality health care in the region.
"By IVCH joining St. Margaret's and becoming part of the SMP
Health System, the combined network will be able to deliver high quality,
efficient and coordinated care locally beyond what
we were able to do separately", said Tommy Hobbs, IVCH CEO. Jim Loveland,
Chair of the
IVCH Board of Directors, noted, "We took to heart our communities'
long-time call for IVCH and
St. Margaret's to work together more closely ." Joyce McCullough,
Chair of the St. Margaret's
Board of Directors, reinforced this sentiment by saying, "With a
shared commitment to this region,
we will collaborate to deliver to patients across the Illinois Valley
the outstanding care they need
Following receipt of approval from Church and regulatory authorities,
the goal of the two
organizations is to sign a binding Definitive Agreement in the months ahead.
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