The transaction is expected to close this summer, pending standard regulatory and other required third-party approvals, according to a March 26 news release from MyMichigan Health.
Until the transaction is completed, the Ascension facilities and My Michigan Health will continue operating independently.
Here are the four locations in the transaction:
- Ascension St. Mary’s Towne Center, an ASC, wound care center, emergency department and short stay unit facility.
- Ascension St. Mary’s of Saginaw, a 268-bed acute care inpatient facility.
- Ascension St. Joseph in Tawas, a 47-bed inpatient facility.
- St. Mary’s of Standish, a 25-critical access hospital and 29-skilled nursing facility.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.