SSM Health to acquire system from the Sisters of St. Agnes
SSM Health will acquire two Wisconsin-based systems from the Congregation of Sisters of St. Agnes, the Catholic-sponsored providers announced last week.
The systems are Agnesian HealthCare and Monroe Clinic. St. Louis-based SSM Health owns St. Mary’s Hospital in Madison and Dean Clinic and its hospitals in Baraboo and Janesville. The newly acquired facilities will likely carry the SSM Health brand.
Shifts in the Wisconsin payer and provider markets combined with the changing demographics of the Congregation of Sisters led to the move, executives said. Terms of the deal, which is expected to take several months to review and is subject to customary approvals, were not disclosed.
Fond du Lac, Wis.-based Agnesian includes the 175-bed St. Agnes Hospital, Waupun Memorial Hospital and Ripon Medical Center. The 58-bed Monroe (Wis.) Clinic also has 12 clinic locations, retail and urgentcare clinics, and a home care and hospice agency.
SSM Health, which includes an integrated network of 20 hospitals, has been steadily expanding its Midwest footprint over the past several years.