Dismiss Modal

Riverside Health and Iroquois Memorial Hospital

KANKAKEE, IL (October 3, 2018) - Officials at Riverside Healthcare and Iroquois Memorial Hospital (IMH) each signed a non-binding Letter of Intent this week to explore merging IMH into Riverside Healthcare.

"We are very excited about exploring what this could mean," said Phil Kambic, president and CEO of Kankakee-based Riverside Healthcare. "We have served the residents of Watseka and Iroquois County in various capacities for many years. This opportunity allows us to examine how we might shift that model and work with the dedicated team at Iroquois Memorial to find new and better ways to meet the healthcare needs of the community."

The Letter of Intent gives both organizations the chance to work confidentially to explore the possible merger.

"The Board, physicians and staff of Iroquois Memorial Hospital continue their deep commitment to having quality healthcare in our community," said Tim Smith, president and CEO of IMH. "As we look to the future, we believe we need a partner to effectively advance our mission. Having had conversations over the years with Riverside about what the future of healthcare might look like in this community, we felt now was the right time to explore the merger."

While no specific timeline for the merger was released, the due diligence process and review by regulatory bodies could conclude by the first quarter of 2019.

"This process is just getting started," said Kambic. "But as we move forward, I anticipate this to be a very exciting and rewarding chapter for Riverside, IMH and the residents of Iroquois County."

IMH opened in 1916 and has undergone numerous expansions. They currently employ 450 staff and operate several satellite clinics. Riverside, which opened its main hospital in Kankakee in 1964, employs 3,000 staff and began providing oncology care in Watseka in the early 1980s. In 2011, Riverside opened an outpatient facility in Watseka, which now provides immediate, primary and specialty care as well as chemotherapy and infusion services.

Related Articles
Read article
Riverside Purchases IMH Ambulance Service

Riverside Medical Center has purchased the Iroquois Memorial Hospital (IMH) Ambulance Service and will take over its operation starting January 1, 2019. Riverside and IMH made the joint announcement on December 13, indicating the purchase is a sign of the continually changing healthcare landscape.

Read article
Riverside Announces Promotion of Patt Vilt to Senior Vice President and Chief Accounting Officer

Riverside Healthcare has announced the promotion of Patt Vilt, CPA, MBA, MJ, to the position of Senior Vice President and Chief Accounting Officer.

Read article
Route 45/52 Closure Announcement Update

Road construction to effect Riverside Bourbonnais Campus. While a portion of Route 45/52 is closed in Bourbonnais between Burns Road and St. George access to Riverside’s Bourbonnais Plaza as well as the Riverside Cancer Institute and the Riverside Health Fitness Center is open to traffic coming from the north. Although signs at Rt. 45/52 indicate the road is closed south of St. George Road, access to the Riverside facilities remain open.

Read article
Riverside welcomes Michigan Urologist for training

Riverside Urologist Michael Gambla, MD, recently hosted Diane Young, MD, from Traverse City, MI, for training performing laser surgery.