Milwaukee-based Aurora Health Care has signed a letter of intent with Bay Area Medical Center in Marinette, Wis., to explore a partnership, according to a report from The Business Journal.
Aurora Health Care CEO Nick Turkal told the Journal the aim of the discussions is not to make an acquisition but to leverage Aurora's expertise through BAMC and its physicians.
The hospital initially decided to enter into negotiations with Aurora in September. Aurora was one of nine health systems that showed interested in partnering with BAMC. According to previous reports, the medical center isn't interested in a full-asset merger or sale and intends to maintain a local board with local control. BAMC's key requirements for a partnership include access to capital to support expansion, a future growth strategy, access to managerial and clinical expertise and access to an established accountable care organization.
A timetable for the partnership discussions was not disclosed.
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