The systems are Agnesian HealthCare and Monroe Clinic. St. Louis-based SSM Health owns St. Mary's Hospital in Madison, Dean Clinic and hospitals in Baraboo and Janesville. The facilities will likely carry the SSM Health brand.
Shifts in the Wisconsin payer and provider markets combined with the changing demographics of the Congregation of Sisters led to the move, executives said. Terms of the deal, which is expected to take several months to review and is subject to customary approvals, were not disclosed.
The deal signals the continued consolidation of the healthcare industry as providers prepare for payment reform and look to scale up to spur operational efficiencies.
Fond du Lac, Wis.-based Agnesian includes the 175-bed St. Agnes Hospital, Waupun Memorial Hosptial and Ripon Medical Center. The 58-bed Monroe Clinic in Monroe also has 12 clinic locations, retail and urgent care clinics, and a home care and hospice agency.
SSM Health, which includes an integrated network of 20 hospitals, has been steadily expanding its Midwest footprint over the past several years.
Alex Kacik is the hospital operations reporter for Modern Healthcare in Chicago. Aside from hospital operations, he covers supply chain, legal and finance. Before joining Modern Healthcare in 2017, Kacik covered various business beats for seven years in the Santa Barbara, California region. He received a bachelor's degree in journalism from Cal Poly San Luis Obispo in Central California.Follow on Twitter