DCHS board approves asset purchase agreement with Bellin Health

IRON MOUNTAIN — The Dickinson County Healthcare System Board approved an asset purchase agreement as part of the ongoing negotiations with Bellin Health.

Bellin Health is in the process of acquiring the Dickinson County Healthcare System. This is one more step in a complex process that is underway and it is necessary for a closing statement that will eventually be signed by both health systems.

“We are happy to have reached this stage in the process with Bellin, and we look forward to continuing to work together on details and areas that must be covered in order to complete the closing,” explained John Schon, Administrator and CEO of DCHS, in a press release. “While both systems will benefit from the integration, the greatest beneficiaries will be our community.”

Bellin Health President and CEO, George Kerwin, said, “While a substantial amount of work remains to be completed before the deal is closed, we are hopeful that the effort will move forward. Both of our organizations have a commitment to providing the best healthcare we can for our community.”

Among the remaining significant milestones that need to be accomplished are a public hearing and county board approval of the asset purchase agreement; both of which are expected to occur later this month. It’s anticipated that a closing date for the acquisition will be in late June or early July.

The DCHS Board of Directors announced that they signed a letter of intent to be acquired by Bellin in December. With the acquisition, DCHS will be able to fund improvement projects and expand patient services, while keeping strong connections with the community. To read more about the acquisition, click HERE.