SSM Health Care to Purchase Dean Health Systems
ST. LOUIS (AP) — SSM Health Care, one of the largest Catholic health care providers in the U.S., plans to purchase the Dean Health Systems group in Wisconsin, the companies said Tuesday.
The merger is pending approval of Dean physician shareholders, along with regulators. SSM says the transaction could be complete by this summer. Terms were not disclosed.
St. Louis-based SSM is a non-profit organization with 18 hospitals and other health care operations in Missouri, Illinois, Wisconsin and Oklahoma.
Dean Health Systems is a Madison, Wis.-based physician-owned organization with more than 60 clinics, plus eye care and pharmacy operations. It already partners with SSM for the Dean Health Plan insurance provider in Wisconsin.
SSM Health Care president William P. Thompson said SSM and Dean have developed a business model in south-central Wisconsin that provides quality care at a lower cost.
“We are committed to partnering with our physicians in other regions to improve the patient experience, lower the overall cost of health care, and focus on keeping people healthy,” Thompson said in a statement.
Dean Health Systems president and CEO Craig Samitt said patients should see very few changes “with the potential for many advantages …”
SSM has operated in Wisconsin for 101 years, opening St. Mary’s Hospital in Madison in 1912. It also owns St. Clare Hospital in Baraboo, St. Mary’s Janesville Hospital in Janesville, St. Mary’s Care Center in Madison and St. Clare Meadows Care Center in Baraboo.
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