Wauwatosa, Wis.-based Froedtert Health acquired an 80 percent controlling interest of Manitowoc, Wis.-based Holy Family Memorial for $29.9 million, according to the health system's recent financial disclosure.
Holy Family Memorial is a consolidated entity with Froedtert through the deal and has a 20 percent non-controlling interest.
Froedtert reported $537,000 in nonoperating gains attributable to Holy Family Memorial since the acquisition date through June 30. It is expected to add about $115 million annually in operating revenue for Froedtert.
Froedtert first acquired the stake March 1.