Chicago hospital to be renamed OSF HealthCare Little Company of Mary Medical Center.
The boards at OSF HealthCare and Little Company of Mary Hospital and Health Care Centers have approved a merger of the two Illinois-based Catholic health systems.
When the merger is finalized on Feb. 1, 2020, the hospital will be renamed OSF HealthCare Little Company of Mary Medical Center, the two health systems said in a joint media release.
Financial terms were not disclosed.
"A focused discernment went into the decision to rename our facility," said L.C.M Board Chair Sister Sharon Ann Walsh.
"As our two congregations came together and discussed ways to reflect our new partnership, it was important to both communities that we found a name that would preserve our strong heritage," she said.
The merger talks were first announced in July.
The two health systems will spend the next several months clearing regulatory and canonical hurdles before the merger is finalized.
Little Company of Mary Hospital and Health Care Centers includes the 252-bed acute care hospital, and 12 other healthcare venues in Chicago and its southwest suburbs, and employs 2,100 people.
Peoria-based OSF HealthCare, an integrated health system owned and operated by The Sisters of the Third Order of St. Francis. The health system operates in Illinois and Michigan, employs 21,000 people, and includes nine acute care hospitals, four critical access hospitals, two colleges of nursing, and a physician network that employs more than 1,200 primary care and specialist physicians.
KEY TAKEAWAYS
The merger of the two Catholic health systems is expected to be finalized in February, 2020.
Little Company of Mary Hospital and Health Care Centers includes a 252-bed acute care hospital, and 12 other healthcare venues in Chicago and its suburbs.