More Information on Marshfield Clinic Health System and Memorial Medical Center Deal
Wednesday, March 7th, 2018 -- 11:16 AM
-Marshfield Clinic Health System is acquiring Memorial Medical Center.The two sides have signed a letter of intent signaling the stare of the due diligence period to finalize terms of the acquisition with a goal of completing the transaction by June 30th. So, what does MMC joining MCHS mean? For the community, MMC will continue to fulfill its mission of providing the best experience in health care. But data has pointed out that they need to join with MCHS to continue to do this to the best of their abilities. 85% of MMC’s patients are also patients at MCHS. Only 40% of the direct community utilizes MMC while 60% utilizes MCHS and 41% of their revenue is from Security Health Plan. For the employees, MMC’s Board of Directors’ main priority has always been maintaining local employment. With this agreement, employment at MMC will be maintained. As for the replacement facility, that project will continue. MCHS supports the construction of this $40 million dollar facility and all plans, plus some additional programs will move forward. MMC will continue to collaborate with Sniteman’s Pharmacy, Art of Optometry and Neillsville Care and Rehab for the project as well. This change will only move the project timeline back a few months.
MMC board member Russell Ratsch stated, “Memorial Medical Center and Marshfield Clinic have a long history as trusted partners providing healthcare services to the Neillsville area and surrounding communities. Joining together at this time of transformation and renewal promises expanded healthcare services delivered locally in a new state of the art facility as well as strengthened employment and economic growth opportunities.” President and CEO of MMC, Ryan Neville, stated, "This new level of partnership will enhance health care in Clark County by increasing coordination of one system in the delivery of care, providing a location for Marshfield Clinic to provide additional specialty care and aligns Clark County's largest health insurer, Security Health Plan, with a local presence. We anticipate a growth in local patient volume as Clark County residents will not have to travel to Marshfield or Eau Claire to see certain providers." Finally, it should be mentioned that MMC could have remained independent, but they would have needed to downsize services. This agreement puts MMC in a growth opportunity.
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