Urbana-based Carle Foundation Hospital is moving forward to buy Hoopeston Community Memorial Hospital. An application filed with the Illinois Health Facilities and Review Board lists the purchase price is $2.7 million dollars.
Carle also says the proposed transaction will ensure residents of Hoopeston continue to have access to critical services through Carle’s capital loan commitments to Hoopeston; specifically, Hoopeston’s Emergency and Surgery Department project.
Carle Foundation hopes to complete the transaction by October 1st. The proposal, however, must first be approved by the Illinois Health Facilities and Review Board.
The application says having the Hoopeston facility affiliated with Carle would further enhance the quality of health care services provided to the residents of Hoopeston and Vermilion County. ‘’Moreover,’’ says the application, ‘’the proposed transaction will help promote a sustainable model of health care in the Hoopeston community through better cost control, increased efficiency, shared technology, shared purchasing, consolidation of services, and integrated clinical protocols of care.’’
94.1 FM, WGFA