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Marshfield Clinic Health System, Ascension ink agreement for sale of Saint Joseph's Hospital

St. Louis-based Ascension signed a definitive agreement to sell Marshfield, Wis.-based Saint Joseph's Hospital to Marshfield (Wis.) Clinic Health System.

The financial terms of the agreement were not disclosed.

The health systems reached a tentative acquisition agreement early last month.

"The agreement signals our health system's continued progress to treat patients in a fully-integrated healthcare system, combining exceptional clinical and hospital care with a renowned health plan," said Susan Turney, MD, CEO of Marshfield Clinic Health System. "We look forward to carrying forward the hospital's history of providing world-class and compassionate care in Marshfield along with the clinic's century of fueling innovation, groundbreaking research and exemplary education."

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