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.