MGHS – Duke LifePoint agreement signed

MARQUETTE, Mich.–The move toward the Duke LifePoint acquisition continued today as the Marquette General Health System Board of Trustees announced that it has signed a definitive agreement for the deal. This means the second of the three step process is complete for Marquette General to be acquired by Duke LifePoint Healthcare. A Letter of Intent was signed in February. The agreement is subject to review by the Attorney General of Michigan.

“We are very pleased to have reached this agreement and take the next steps in becoming part of Duke LifePoint,” said Brad Cory, Chair of the Marquette General Health System Board of Trustees. “After completing due diligence and closely examining the potential benefits of a Duke LifePoint acquisition for our hospital and community, our team is more enthusiastic about this partnership than ever. Duke LifePoint will provide Marquette General the resources we need to strengthen our hospital, enhance the services we offer and advance healthcare across the Upper Peninsula.”

ABC 10 is scheduled to meet with hospital officials this morning and will have additional information on the developing story at 5:30 pm on ABC 10 News Now with Cynthia Thompson.