Beaver Dam Community Hospitals and Marshfield Clinic Health System have signed a “definitive agreement” to affiliate, but terms of the agreement are not being released.
Beaver Dam Community Hospital will become part of the Marshfield system under the agreement. The two organizations announced in June that they were pursuing the merger.
“The alignment of our missions and values and combined expertise is the start of an exciting partnership that will continue to improve the overall health of our rural communities,” Kim Miller, BDCH president and CEO, said in a press release. “It’s exciting to reach this milestone in the affiliation process and we look forward to expanding care options locally and increasing access.”
Beaver Dam Community Hospital has been operated by a local board of directors and Miller has been president and CEO since 2006. In addition to the hospital in Beaver Dam, there are clinics in Beaver Dam, Columbus, Juneau, Horicon and Waupun.
Marshfield Clinic Health System, based in Marshfield in Wood County, operates mainly in the northern part of the state. It runs clinics, medical centers, a children’s hospital and a research institute. The $2.2 billion enterprise has 9,000 employees and 1,200 care providers.
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“This agreement represents another step in the journey to bring two well-respected organizations together and create a regional destination for high-quality health care,” said Dr. Susan Turney, CEO of Marshfield Clinic Health System. “When final, the Beaver Dam community will have greater access to more local health care services delivered by a team of world-class Marshfield Clinic Health System physicians.”
The affiliation is expected to close in the coming months.
Several hospitals in the region have been acquired in recent years.
In January 2018, SSM Health, which owns St. Mary’s Hospital in Madison, Dean Clinic and hospitals in Baraboo and Janesville, acquired Monroe Clinic and Agnesian HealthCare, which includes the hospitals in Fond du Lac, Ripon and Waupun.
In 2015, the Watertown Regional Medical Center formed a joint venture with LifePoint Hospitals Inc., which operates more than 60 hospitals in 21 states. Lifepoint has a majority interest in the Watertown Regional Medical Center.