Ascension sells Wisconsin hospital to Marshfield Clinic
Marshfield (Wis.) Clinic Health System has agreed to buy Ascension’s Ministry St. Joseph’s Hospital in Marshfield allowing the giant physician group to gain a hospital without having to build one.
Marshfield’s 800 physicians see the vast majority of patients at the 220-bed hospital. About 300 Marshfield physicians have privileges at St. Joseph’s, said Marshfield spokesman John Gardner.
The multispecialty group was considering building a hospital in Marshfield that would have competed against St. Joseph’s before the two sides agreed to a letter of intent announced a year ago, Marshfield Chief Financial Officer Gordon Edwards said in January.
Terms of the deal were not disclosed.