SSM Health Care and physician-owned for-profit Dean Health Systems announced jointly on Tuesday that they have signed an agreement to make Dean and its subsidiar ies part of SSM.
SSM President/CEO William P. Thompson calls the deal "the next natural step in the evolution of our relationship and one that holds a lot of promise for both organizations."
The two providers have a long history of collaboration in Wisconsin with shared initiatives around value-based care and a jointly owned health plan.
"We want to take the capabilities that Dean has demonstrated in the relationships we have developed with them here in Wisconsin and transfer those through the rest of SSM," Thompson said.
"It brings together the two organizations that have been working together collaboratively for over 100 years so it doesn't really expand our footprint as much as it creates a new relationship between our two organizations."
The deal is expected to be finalized this summer, pending approval by Dean shareholders and federal and Wisconsin state regulators. Financial terms of the deal were not disclosed.
Craig Samitt, MD, president/CEO of Madison-based Dean, says the two organizations have built a national reputation for quality and that the move would create one of the most significant integrated delivery networks in the country.