On Aug. 1, Marshfield purchased Weston, Wis.-based Ascension St. Clare’s Hospital. It will be renamed to Marshfield Medical Center-Weston.
About 350 St. Cloud Hospital employees will become Marshfield Clinic employees under the deal.
“This is a historically important day for our health system and the communities we serve,” said Susan Turney, MD, CEO of Marshfield Clinic Health System. “Having a hospital in the Weston/Wausau area allows us to create a fully integrated campus combining our hospital and clinical facilities, which provides highly coordinated care that is efficient and creates a simple and seamless patient experience.”
Ascension Wisconsin also will transfer its 50 percent interest in Flambeau Hospital in Park Falls, Wis., and the Diagnostic & Treatment Center in Weston to Marshfield Clinic.
The transition will occur over the next few months, and Flambeau Hospital will be renamed Marshfield Medical Center-Park Falls.
Ascension and Marshfield Clinic announced the deal last October and reached a definitive agreement in February. Financial terms were not disclosed.
More articles on healthcare industry transactions:
Providence St. Joseph Health affiliate in talks to buy 80-bed California hospital
Prospect Medical Holdings tries to block sale of 384-bed bankrupt California hospital
Michigan hospital mulls joining health system amid financial hardship
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