St. Margaret’s Health will close several clinics by June 9 and its Spring Valley hospital could close June 16, without emergency state funding, possibly leaving western La Salle and eastern Bureau counties without an emergency room throughout the summer.
Tim Muntz, president and CEO of St. Margaret’s Health, disclosed the hospital’s dire financial situation in an internal memorandum dated Wednesday that quickly went viral, reports Shaw Local.
In it, Muntz said while St. Margaret’s Health-Peru (the former Illinois Valley Community Hospital) and assorted properties will be acquired by OSF HealthCare, the Spring Valley hospital is not part of the pending sale and “continues to be in severe financial distress.”
“St. Margaret’s has requested emergency funding from the state of Illinois,” Muntz wrote in the memo. “If we do not receive the funding, St. Margaret’s may need to consider curtailing hospital operations, or even closing, as early as Friday, June 16, 2023.” Read more.
