(IRON MOUNTAIN, MI.-GREEN BAY, WI.)–The following is a statement from Dickinson County Healthcare System and Bellin Health regarding the status of the on-going work to complete an asset purchase agreement with Bellin Health.
Today the Dickinson County Healthcare System Board took another step forward in its ongoing negotiations with Bellin Health related to Bellin’s acquisition of DCHS, by approving an asset purchase agreement. This is one more step in a complex process that is underway; a process that is necessary for a closing statement that will need to be signed by both health systems. “We are happy to have reached this stage in the process with Bellin, and we look forward to continuing to work together on details and areas that must be covered in order to complete the closing,” explained John Schon, Administrator and CEO of DCHS. “While both systems will benefit from the integration, the greatest beneficiaries will be our community.” Bellin Health President and CEO, George Kerwin, said, “While a substantial amount of work remains to be completed before the deal is closed, we are hopeful that the effort will move forward. Both of our organizations have a commitment to providing the best healthcare we can for our community.” Among the remaining significant milestones that need to be accomplished are a public hearing and county board approval of the asset purchase agreement; both of which are expected to occur later this month. It’s anticipated that a closing date for the acquisition will be in late June or early July.
About Dickinson County Health System: Servicing Northern Wisconsin and the Central Upper Peninsula for more than 65 years, Dickinson County Healthcare System (DCHS) is a Community Hospital with a team of more than 90 active physicians and each year serves over 200,000 patients. DCHS employs more than 850 staff members, is the major employer in the Dickinson County area, and is a large contributor to the economic wellbeing of our community. Most recently recognized by Healthgrades Analytics as being in the top 5% of the Safest Hospitals in the nation, DCHS has also been acknowledged by several other independent healthcare analytics agencies for exceptional patient safety and services. The recent awards are a testament to how well the hospital and its physicians care for its patients and confirm the progress towards keeping the community safe and healthy.
About Bellin Health: Bellin Health, www.bellin.org, is an integrated healthcare delivery system based in Green Bay, Wis. It has served people in Northeast Wisconsin and Michigan’s Upper Peninsula since 1908. Bellin Health has more than 4,000 employees and is known for its emphasis on preventive healthcare and is the region’s leader in cardiac, orthopedics, sports medicine, digestive health, mental health, and primary care medicine. It is comprised of Bellin Hospital, Bellin Psychiatric Center, 31 Bellin Health primary care physician clinics, and several retail health clinics known as Bellin Health FastCare. Bellin operates Bellin Health Oconto Hospital, a critical care access hospital in Oconto, Wis., Bellin Fitness, and Bellin College. The health system also belongs to Bellin Health Partners, a clinically integrated network that includes Bellin Health, its employed providers and independent affiliated providers; Holy Family Memorial in Manitowoc, Wis., and its employed providers; and Dickinson County Healthcare System in Iron Mountain, Mich., and its employed providers.