The facilities include Agnesian HealthCare, a three-hospital system in Fond du Lac, Wis., and Monroe (Wis.) Clinic. The transaction will also add eight post-acute facilities into the SSM Health family.
Both health facilities and their affiliates will adopt the SSM Health brand while also keeping their initial branding. Officials expect to complete the transition by the end of 2018.
The CSA initiated the change in sponsorship, citing changes in the state’s payer and provider markets. CSA and SSM Health signed a letter of intent for the transfer last July.
More articles on transactions and valuations:
Massachusetts AG to decide Partners, Mass. Eye & Ear merger: 5 things to know
CoxHealth completes acquisition of 6th hospital
MetroHealth seeks strategic partnership after ‘extraordinary year’
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.