St. Louis-based Catholic health system SSM Health Care announced it has signed a letter of intent to acquire Dean Health Systems, a physician-owned, for-profit multispecialty group based in Madison, Wis.
The two organizations already have a 100-year partnership to integrate care delivery in the south central Wisconsin market. Currently, SSM Health Care and Dean jointly own an insurance company, Dean Health Plan, as well as a telemedicine operation and a pharmacy benefit company.
If approved by Dean's physician shareholders, the Wisconsin insurance commissioner's office and other regulators, the deal could be finalized this summer. Financial terms were not disclosed.
Dashboard Observations on 17 Niches and Specialties
Maria Parham Medical Center Acquires Primary Care Practice
The two organizations already have a 100-year partnership to integrate care delivery in the south central Wisconsin market. Currently, SSM Health Care and Dean jointly own an insurance company, Dean Health Plan, as well as a telemedicine operation and a pharmacy benefit company.If approved by Dean's physician shareholders, the Wisconsin insurance commissioner's office and other regulators, the deal could be finalized this summer. Financial terms were not disclosed.More Articles on Physician Group Acquisitions:
11 Recent Hospital Mergers and AcquisitionsDashboard Observations on 17 Niches and Specialties
Maria Parham Medical Center Acquires Primary Care Practice