1/11/2020 10:35:00 AM Carle acquires hospitals in Normal and Eureka
NORMAL, Ill. (AP) — Carle Health has announced plans to purchase medical facilities owned by Advocate Aurora Health, including hospitals in Normal and Eureka.
The (Bloomington) Pantagraph reports that the Urbana-based Carle and Advocate announced the acquisition this week. Terms were not released, nor were name changes for Advocate BroMenn Medical Center in Normal, Advocate Eureka Hospital and other facilities in central Illinois.
Carle President and CEO Dr. James Leonard said Carle pursued the purchase because of the Advocate facilities’ strength.
“This is a positive, thriving enterprise,“ Leonard said. “If it wasn’t, we wouldn’t be interested.”
Governing boards of both organizations approved the merger. Leonard and Colleen Kannaday, president of Advocate BroMenn and Advocate Eureka, said they expected to close the deal by mid-year. It requires approval by the Illinois Health Facilities and Services Review Board and the Federal Trade Commission.
They said there are no plans for layoffs or staff changes.
“During the transition period, care will not be impacted,“ said Kannaday who, under Carle, will remain president at BroMenn and Eureka. “The same great physicians and staff providing care today will continue.”
Kannady said Advocate, with headquarters in the Chicago area and Milwaukee, is “looking to new markets“ and Carle is located closer to the affected Aurora sites.
Carle will add about 2,000 employees to its current staff of 7,800 at Carle Foundation Hospital in Urbana, hospitals in Olney and Hoopeston, the Health Alliance health plan and Carle Physician Group.