As­cen­sion sells Wis­con­sin hospi­tal to Marsh­field Clinic

Modern Healthcare - - REGIONAL NEWS -

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.

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