Illi­nois be­hav­ioral-health providers to merge

Modern Healthcare - - REGIONAL NEWS - —Adam Ruben­fire

Three ma­jor not-for-profit be­hav­ioral-health or­ga­ni­za­tions in Illi­nois an­nounced last week that they have signed a let­ter of in­tent to merge, cit­ing ris­ing costs, un­cer­tain re­im­burse­ment and the need to in­vest in new tech­nol­ogy and in­fra­struc­ture.

Carter­ville-based Cen­ter­stone of Illi­nois, Al­ton-based Well­Spring Re­sources and the Prairie Cen­ter in Ur­bana are ex­pected to com­bine op­er­a­tions. Prairie Cen­ter and Well­Spring would be­come part of Cen­ter­stone, which serves over 9,000 peo­ple a year in Illi­nois.

Prairie Cen­ter is a sub­stance-abuse treat­ment provider, while Well­Spring and Cen­ter­stone of­fer var­ied men­tal­health and ad­dic­tion-re­lated ser­vices. The new or­ga­ni­za­tion would serve nearly 18,000 pa­tients and em­ploy 700 peo­ple in 11 coun­ties.

John Markley would con­tinue as CEO of Cen­ter­stone of Illi­nois un­der the pro­posed agree­ment. Prairie Cen­ter CEO Bruce Suar­dini would be­come vice pres­i­dent of the com­bined com­pa­nies’ eastern re­gion, while Jen­nifer Craig, in­terim CEO of Well­Spring, would be­come chief op­er­at­ing of­fi­cer.

A fi­nal agree­ment is sub­ject to due dili­gence, plus legal and reg­u­la­tory re­views.

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