OSF HealthCare and Galesburg Cottage Hospital have signed an exclusive letter of intent for OSF to purchase real estate, medical equipment and other assets in Galesburg, Illinois, owned by Cottage Hospital. The letter of intent contemplates a close on this transaction, if consummated, this spring.
OSF does not intend to offer inpatient services at the Cottage Hospital location. OSF HealthCare St. Mary Medical Center in Galesburg has the capacity to provide the inpatient care necessary for the area.
OSF recognizes that change is never easy but anticipates this will best serve the health care needs for Galesburg and surrounding areas going forward.
***Report Courtesy of OSF HealthCare***
