St. Margaret’s Health in Spring Valley, a member of SMP Health System, and Illinois Valley Community Hospital in Peru received approval on their proposed affiliation from the Illinois Health Facilities and Services Review Board on November 1. With this authorization from the state, St. Margaret’s and IVCH have commenced their integration planning process, which includes the creation of a new board of directors.
The board will provide oversight and guidance to the newly combined integrated health system that will also be known as St. Margaret’s Health. After the affiliation is complete, IVCH will be known as St. Margaret’s Health – Peru. St. Margaret’s Hospital will be known as St. Margaret’s Health – Spring Valley.
The board members’ new terms will take effect January 1, 2021. St. Margaret’s and IVCH intend to finalize their affiliation by the end of this year. Once the affiliation is complete, the combined entities will conduct a thorough assessment of facilities, the services provided and the needs of the community. It is anticipated that the full integration of the two organizations will take one to two years.