Under the deal, Ascension will integrate Allegan Healthcare Group, which includes the 25-bed critical access hospital, its professional services division and the Allegan General Hospital Foundation, into its Ascension Michigan division.
“We anticipate a great level of cooperation and synergy between Ascension Borgess and Allegan,” Joseph Cacchione, MD, senior vice president of Ascension Healthcare and ministry market executive of Ascension Michigan, said in a news release. “Our respective missions and values are aligned in seeking to best serve local residents with quality, compassionate, personalized healthcare.”
The deal is subject to customary regulatory approval.
More articles on transactions and valuations:
Hospital for Special Surgery CEO: There’s more value in adding campuses over M&A
Hackensack Meridian Health, Carrier Clinic merge to improve behavioral health
Beaumont Health sells 90% of home health, hospice business
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.