Overcast
35°FOvercastFull Forecast

Board approves Advocate acquiring Elgin hospital

Published: Tuesday, May 14, 2013 3:41 p.m. CST • Updated: Tuesday, May 14, 2013 3:50 p.m. CST

BOLINGBROOK, Ill. (AP) — An Illinois health planning board has approved the acquisition of Elgin-based Sherman Health Systems by Oak Brook-based Advocate Health Care.

The Illinois Health Facilities and Services Review Board met in Bolingbrook on Tuesday and voted in favor of allowing the systems to join.

Sherman operates the 255-bed Sherman Hospital, one of the last independent hospitals in the Chicago area. Advocate is the largest health system in Illinois. Both are nonprofit organizations.

A joint statement from Sherman and Advocate says a formal closing date for the deal is expected June 1. Sherman will be known as Advocate Sherman Hospital.

Officials of both systems say the partnership will reduce operating and capital costs, allowing for more reinvestment in health care.

Crystal Lake-based Centegra Health System has opposed the merger.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

If you had only one day to live, what would you do with it?
Learn to play the piano
Take up ice sculpting
Learn to speak French
Win over the love of a small town
Other