SSM Health has signed a letter of intent with The Congregation of Sisters of St. Agnes to acquire two of their sponsored Wisconsin entities, the systems announced Wednesday.
Terms of the deal for SSM to acquire Agnesian HealthCare based in Fond du Lac and Monroe Clinic based in Monroe were not disclosed. Due diligence is expected to take several months.
CSA established the health ministries more than 100 years ago, but changes in the Wisconsin payer and provider markets compelled CSA to examine their future, and ultimately the deal with SSM, the systems said.
Agnesian HealthCare includes Fond du Lac Regional Clinic, Ripon Medical Center, St. Agnes Hospital and Waupun Memorial Hospital.
Monroe Clinic is a nonprofit, single hospital system with 58 beds in its flagship facility as well as a multi-specialty physician practice, 12 clinic locations, a home care and hospice agency and retail and urgent care clinics.
SSM Health is a Catholic, nonprofit system that serves south-central Wisconsin and includes SSM Health St. Mary's Hospital - Madison, SSM Health St. Mary's Hospital - Janesville and SSM Health St. Clare Hospital - Baraboo. It also includes a skilled nursing facility, home health and pharmacy services.
"CSA's healthcare ministries, Agnesian HealthCare and Monroe Clinic, are pillars of strength in the community and have a bright and vibrant future," said SSM Health President and CEO Laura Kaiser. "We are honored that CSA has chosen us to preserve and advance their ministries, and we are excited to begin this journey."