Kewanee Hospital

Kewanee Hospital Potential Affiliation with OSF HealthCare - Key Points

November 06, 2012

Key Points

• After careful consideration and deliberation the Kewanee Hospital Board of Trustees selected OSF HealthCare (OSF) as the organization with which we would like to affiliate.

 

• Kewanee Hospital is financially strong, making it a great time to partner with OSF.  OSF chose to affiliate with us because we are a strong, well-run hospital that provides quality health care services in a large market area.

 

• With health care reform changes, such as decreasing Medicaid reimbursement and additional regulatory burden, many stand-alone, not-for-profit, private hospitals like ours are looking at partnerships for long-term stability and opportunities for collaboration.   

 

• Kewanee Hospital and OSF will now begin the process of due diligence to insure this potential affiliation is right for our community.  If all proceeds as planned, our goal is to complete the process by the end of calendar year 2013.

 

• All employees of Kewanee Hospital will become employees of OSF at the time of affiliation.

 

• Our leadership team will retain the same structure. But, as a result of the affiliation, the leadership team will be able to concentrate on more long-term planning for the hospital, such as improving specialty care and access to health and wellness resources.

 

• OSF has the resources that will allow us to better provide for the needs of our patients, many of whom are already familiar with OSF.

 

• We will work with OSF to choose a new name for our hospital with input from our board and leadership team.  OSF is and will remain a nonprofit organization, continuing to provide charity care that benefits our communities.

 

Key Statements:

• Kewanee Hospital is committed to providing the best care and expanding our scope of services for residents of Kewanee and the surrounding areas.
• Kewanee Hospital is and continues to be financially strong.
• We just finished FYE 2012 with a positive operating margin and are looking to a bright 2013. 
• Because of that, it is a great time to partner with OSF, one of the largest integrated systems in Illinois.