Delnor and CDH Sign Definitive Agreement
DELNOR HEALTH SYSTEM AND CENTRAL DUPAGE HEALTH
SIGN DEFINITIVE MERGER AGREEMENT; SEEK REGULATORY APPROVALS
WINFIELD, Ill., and GENEVA, Ill., December 17, 2010 – Delnor Health System (Delnor) and Central DuPage Health (CDH) today announced they have signed a definitive agreement to merge. This follows the October 5th announcement of a Memorandum of Understanding developed by the Delnor and CDH Boards of Directors. A merger of the two organizations remains subject to regulatory review and approval which is expected to occur in the coming months.
“This is the next important step in achieving our vision to create a single, integrated health system,” explained Thomas L. Wright, president and CEO of Delnor. “We are excited to bring together two top quality health systems to deliver the best in medical care for the patients and communities we serve.”
“By signing today, we anticipate being able to implement our shared vision in the spring of 2011,” said CDH CEO Luke McGuinness. “We are thrilled to be so close to realizing the benefit our patients and communities will receive once this integrated health system is fully functioning.”
The goal of the proposed new entity is to expand exceptional healthcare in the western suburbs of Chicago by elevating the caliber and breadth of healthcare services available in the region, extending local access to care and creating a level of scale that will deliver even higher quality at a lower cost. Working in close collaboration with physicians on their respective medical staffs, the two management teams will create new opportunities for continued improvements in healthcare delivery and outcomes. Patients will continue to have the same access to the physicians and hospitals they have come to trust, and will gain increased access to a broader range of clinical services.
Delnor and CDH will also carry on their essential roles in serving the healthcare needs of the communities they serve, including their strong commitments to charity care, wellness and prevention programs, and continued collaboration with community organizations and agencies.
As part of the regulatory review process, the hospitals will file with the Illinois Health Facilities and Services Review Board, the Federal Trade Commission, the Department of Justice and the Illinois Attorney General. Until then, the two health systems will continue to function independently and engage in continued planning for the new health system.
About Delnor Health System
Delnor is a 159-bed hospital located in Geneva, Illinois, that has earned national recognition in patient, employee and physician satisfaction. It is designated a Magnet® hospital, the ANCC’s highest honor for nursing excellence, and is also the first hospital in Illinois designated by the Planetree organization for patient-centered care. Delnor is a recipient of the HealthGrades 2010/2011 Outstanding Patient Experience Award and is recognized by the Institute for Healthcare Improvement as a mentor hospital for Board leadership in quality.
The Delnor Health System offers a variety of health and medical services for residents of the Central Fox Valley, including a Health and Wellness Center, Delnor Glen Senior Living, the LivingWell Cancer Resource Center, Express Care immediate care centers, Home Health Services and Occupational Health Services. For more information or a physician referral, please call the Physician Finder and Information Service at (630) 208-3993 or visit www.delnor.com.
About Central DuPage Health
Central DuPage Health is the parent company of Central DuPage Hospital (CDH). CDH is a nationally recognized 313-bed facility located in Winfield, Ill., a suburb west of Chicago. CDH is a leading center for medical technology, one of the busiest surgical hospitals in Illinois and has achieved Magnet® recognition for excellence in nursing services.
For the last four consecutive years, Thomson Reuters has listed CDH as a 100 Top Hospital in the U.S. CDH is affiliated with other healthcare leaders, including regionally known Children’s Memorial Hospital for pediatric care and, most recently, nationally known Cleveland Clinic for cardiac surgery.
Central DuPage Health is an interdependent network of healthcare organizations and services, including convenient care centers, occupational health services, home health and hospice care. For more information or to find a doctor on the medical staff of CDH, visit www.cdh.org or call 630-933-4234/ TTY 630-933-4833 for the hearing impaired.