St. Louis-based Ascension Health has signed a memorandum of understanding with Tulsa, Okla.-based Marian Health System to acquire the three regional health systems that comprise Marian Health.
Marian Health's three regional health systems include Via Christi Health in Wichita, Kan., which is currently an Ascension Health affiliate; Ministry Health Care in Milwaukee; and St. John Health System in Tulsa.
Leaders of both organizations view this transaction as part of an ongoing effort to strengthen Catholic healthcare in the U.S., and to further each health system's mission of delivering spiritually centered, holistic care, according to the release.
As with all transactions, due diligence and the development of a definitive agreement will occur in the coming months. Ascension and Marian anticipate completing the process by the end of the first quarter of 2013, according to the release.
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Marian Health's three regional health systems include Via Christi Health in Wichita, Kan., which is currently an Ascension Health affiliate; Ministry Health Care in Milwaukee; and St. John Health System in Tulsa.
Leaders of both organizations view this transaction as part of an ongoing effort to strengthen Catholic healthcare in the U.S., and to further each health system's mission of delivering spiritually centered, holistic care, according to the release.
As with all transactions, due diligence and the development of a definitive agreement will occur in the coming months. Ascension and Marian anticipate completing the process by the end of the first quarter of 2013, according to the release.
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