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.
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.