Ensemble Health Partners Withdraws IPO

Hospital officials said reduced patient demand, diminished utilization and other operational considerations, including staffing and COVID-19 challenges, are behind the decision.

Some service agreements between one of west-central Illinois’ largest health insurance companies and one of the areas largest healthcare providers will end next week because the two organizations so far have failed to reach agreements to continue.

Facing closure, the primary concerns at each facility include the age of buildings, maintenance costs and continuing staff shortages.

Ensemble in a news release said it based the decision on adverse market conditions and will continue to evaluate the timing for the proposed offering.