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Ottawa Regional Hospital takes steps to join OSF Healthcare System

Posted by wlpo on October 14, 2010

An area hospital is looking to merge with a larger hospital system.  Ottawa Regional Hospital has signed a letter of intent to join the OSF Healthcare System.

The announcement was shared with employees Thursday afternoon and made public Thursday night.  Officials from OSF and Ottawa Regional say it’s important for reducing the fragmentation of healthcare.  They also believe it will keep the Ottawa hospital strong as healthcare reform changes are put into place.

The merger, if completed isn’t expected to increase the cost of care.  Officials think it would bring a larger pool of physicians to patients in Ottawa.

Employees are expected to keep their time earned and salaries.

It will be months before the deal is completed.  They’ll spend the next several months researching financial records and contracts before they finalize an agreement.

After that they’ll need to receive state approval.  They believe it could be completed in late spring or early summer.

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