HealthPartners said it acquired Lakeview Health System, Stillwater, Minn. The deal, first announced last December, adds the 66-bed Lakeview Hospital to three-hospital HealthPartners based in Bloomington, Minn.
HealthPartners acquires Minn. system
Rick Robbins, a spokesman for Lakeview, said no cash was exchanged in the deal. Lakeview Health will maintain a board with community members, Robbins said.
HealthPartners, which also includes health plans, finished the first nine months of 2010 with operating income of $92.3 million on revenue of $2.7 billion, according to its most recent financial filings. For the year ended Sept. 30, 2009, the most recent figures publicly available, Lakeview Health reported a loss of nearly $292,000 on revenue of $99.7 million.
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