Advocate Aurora Health will assume 100 percent ownership of Bay Area Medical Center in Marinette by mid-year.
The hospital, which will be renamed Aurora Medical Center – Bay Area, has been operated as a joint venture between Bay Area Medical Center and Aurora Health Care since 2014. Aurora merged with Illinois-based Advocate Health Care last year.
The deal is expected to close this summer, subject to regulatory approvals.
“A full transition under the Advocate Aurora Health umbrella is a natural evolution given our common vision and values about high-quality, patient-centered care,” Ed Harding, president of Bay Area Medical Center, said in a statement. “The community will benefit from a wide array of coordinated services in the existing Advocate Aurora Health footprint, and patients and families can rest assured they’ll continue to receive the highest-quality care.”
The agreement also calls for Advocate Aurora Health to contribute $25 million to the formation and development of a new foundation, whose primary purpose will be to support health and wellness programs in local communities and Aurora Medical Center – Bay Area.
Aurora Medical Center – Bay Area will utilize the scale and expertise of Advocate Aurora Health to enhance care locally, furthering the hospital’s commitment to providing robust community health services and effectively responding to local health care needs.
Since 2014, Aurora and Bay Area Medical Center have added urgent care services, expanded patient access to primary care and specialized health services, opened a new state-of-the-art hospital and implemented an advanced electronic health record system to enhance care coordination.