Closed Illinois Hospital up for Sale

Shuttered St. Margaret’s Health-Spring Valley (Ill.) is up for Chapter 11 bankruptcy sale with a bid deadline of 5 p.m. CT July 24. The hospital, which is being sold through Hilco Real Estate, auctioned off all of its medical and nonmedical assets April 24-25 in an online auction hosted by Centurion Service Group. SMH Spring Valley and SMH Peru (Ill.) and their affiliated clinics and facilities closed last June after the hospitals ran out of resources to continue operating. SMH Peru was purchased by Peoria, Ill.-based OSF HealthCare in November and is reopening under OSF HealthCare Saint Elizabeth Medical Center-Peru in two phases. The first phase began in early April and the second phase kicked off in mid-June.

Read the full article: Closed Illinois Hospital up for Sale //

Source: https://www.beckershospitalreview.com/finance/closed-illinois-hospital-up-for-sale.html

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