Healthcare Business News

HealthPartners, Park Nicollet complete merger

By Beth Kutscher
Posted: January 1, 2013 - 5:00 pm ET

HealthPartners, Bloomington, Minn., has completed its merger with Park Nicollet Health Services, St. Louis Park, Minn., in a deal that will unite the systems under the HealthPartners name and a single board of directors.

No money changed hands in the transaction, the systems said after the deal was announced in August.

A news release described the new organization as an “integrated healthcare and financing organization” that will allow the two systems to collaborate on areas ranging from patient care to capital investments.

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The group will serve more than 1.4 million medical and dental members and more than a million patients in Minnesota and western Wisconsin, and create new links between healthcare delivery and financing, the release added.

It includes five hospitals, a 1,500 multispecialty physician group and Park Nicollet's accountable care organization, which was named a Medicare Pioneer ACO in December 2011.

The five hospitals involved in the transaction are: HealthPartners' Regions Hospital in St. Paul, Minn.; Lakeview Hospital in Stillwater, Minn.; Hudson Hospital in Hudson, Wis.; and Westfields Hospital in New Richmond, Wis.; and Park Nicollet's Park Nicollet Methodist Hospital in St. Louis Park.

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