DCHS board approves asset purchase agreement with Bellin Health

IRON MOUNTAIN, Mich. (WLUC) - The following is a statement from Dickinson County Healthcare System and Bellin Health regarding the status of the on-going work to complete an asset purchase agreement with Bellin Health:

(Tuesday) the Dickinson County Healthcare System Board took another step forward in its ongoing negotiations with Bellin Health related to Bellin’s acquisition of DCHS, by approving an asset purchase agreement. This is one more step in a complex process that is underway; a process that is necessary for a closing statement that will need to 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. “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.

County board members said their decision will be based on what is best for the people and the county.

"Partnering with Bellin, if this goes through I feel would be a good thing for everybody," said Brian Bousley, the Dickinson County Controller. "We must maintain our hospital and this is a good course of action to keep it going."



 
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