SSM Health Care, St. Louis, has agreed to purchase Dean Health Systems, a physician group with more than 60 clinics headquartered in Madison, Wis.
SSM and Dean already jointly own Dean Health Plan, an insurance company established in 1983. The sides plan on closing the deal this summer, and said they won't disclose financial terms. The majority of physician-owned Dean's clinics are in Wisconsin.
“This is our opportunity to take the high quality/low cost model that SSM and Dean have developed in south central Wisconsin and expand it throughout the Midwest,” SSM Health Care President/CEO William Thompson (PDF) in a news release. “We are committed to partnering with our physicians in other regions to improve the patient experience, lower the overall cost of healthcare and focus on keeping people healthy.”
The deal still requires Wisconsin state approval.
“This transaction is being considered because it would help us become fully integrated and continue delivering value-based care,” Craig Samitt, president and CEO of Dean, said in the release. “For our patients, there would be very few changes, with the potential for many advantages as we strive, during this critical time, to shift the focus of care delivery to higher quality at a greater value.”
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