In a recent announcement, Elmhurst Memorial Healthcare and Edward Hospital and Health Services revealed their plans to merge and create one of the larger health systems in Illinois, serving residents in Elmhurst as well as the entire region. The merger will create a three-hospital system, comprised of Edward, Elmhurst Memorial, and Linden Oaks at Edward, employing nearly 7,600, with more than 1,680 physicians on staff.
In the coming months, Edward and Elmhurst Memorial will work to complete normal due diligence reviews, and some parts of the proposal will be subject to both state and federal review. Once all of these processes are completed, the merger could be finalized in mid-2013.
Elmhurst Memorial President and CEO Peter Daniels said, “Edward is a great fit with Elmhurst because of our similar patient-centered and physician-driven cultures, our wide range of services, our shared commitment to providing high quality care and our complementary service areas.”
According to the statement, the merger will have a number of benefits, including:
- Improved coordination of care and quality in the region as Edward and Elmhurst Memorial medical staff share best practices and clinical protocols.
- Building upon relationships with affiliated and independent physicians. Edward Medical Group and Elmhurst Memorial’s affiliated practices, including Elmhurst Clinic LLC, will remain of key strategic importance, as will hundreds of independent physicians at both entities, including DuPage Medical Group practitioners. The hospitals also plan to continue partnerships with other major physician groups, such as Advocate Midwest Heart Specialists, which has a large presence at Elmhurst and Edward.
- Improved access to clinical services. Edward and Elmhurst each have a broad range of services they plan to complement and grow throughout the region.
- Becoming more efficient. With shrinking reimbursement for hospitals, healthcare reform demands more efficiency to lower healthcare costs.
With an eye both for development as well as the best interests of its residents, Elmhurst is a wonderful place to live. Come join the community - we can help you find the perfect place to call home. All of us here at The Gracik Makinney Real Estate Group are dedicated to providing you with the best service possible. Contact us today at 190 North York Road in Elmhurst or at (630) 567-5902.