The Perry Memorial Hospital Board has approved the pursuit of a non-binding Letter of Intent (LOI) to affiliate with OSF HealthCare through a transfer of ownership. The discussion to explore a more defined relationship began in August of 2019 with representatives of Perry Memorial Hospital, the City of Princeton, and OSF HealthCare. Over the coming months, Perry Memorial Hospital, the City of Princeton, and OSF HealthCare will continue to evaluate the potential transfer of ownership through a due diligence evaluation process. An LOI is the legal agreement that allows the formal due diligence process to begin. Both parties will more deeply consider the financial and clinical benefits of the proposed transfer of ownership through this process.
Read the full article: Perry Memorial Hospital and OSF to Begin Due Diligence //