Ascension is promoting a number of of its Wisconsin hospitals and different healthcare amenities to not-for-profit Aspirus Well being, the businesses mentioned Tuesday.
Ascension will divest seven hospitals, 21 doctor clinics and a medical transport firm in northern and central Wisconsin. Ascension owns 24 hospital campuses and greater than 100 healthcare amenities throughout the state.
Wausau, Wis.-based Aspirus employs 8,700 staff at 10 hospitals in Michigan’s Higher Peninsula and Wisconsin.
“Ascension Wisconsin stays dedicated to placing our communities first, which implies being attentive to the altering wants of these we serve,” Bernie Sherry, senior vp of Ascension and ministry market govt for Ascension Wisconsin, mentioned in a press release. “We sit up for finalizing this transition with Aspirus as a approach of honoring that dedication. We’re assured that this transition will allow these amenities and their devoted caregivers to be in a greater place to serve the communities’ well being wants going ahead.”
Ascension ended its fiscal 2020 within the pink with a $639.4 million working loss, or a -2.5% margin. The Catholic well being system has hospitals in 20 states and the District of Columbia.