Wheaton Franciscan to be sold to St. Mary’s parent company
Oct. 29, 2015
WAUKESHA — The
parent company of Columbia St. Mary’s Hospital is set to acquire
Wheaton Franciscan Healthcare facilities in southeastern
Wisconsin from the Wheaton Franciscan Sisters.
The sisters will also be transferring operations in Iowa,
Illinois and Colorado to other organizations.
“This decision came after a lengthy discernment process by the
Sisters as we are aging and our numbers are getting smaller in
the United States. We wanted to transfer our corporate
ministries while these ministries are healthy, fiscally sound,
and have a strong sense of mission and values,” said Sister Pat
Norton, chair of the Sponsor Member Board for Wheaton Franciscan
Wheaton Franciscan Healthcare facilities involved in the deal
include All Saints in Racine, Elmbrook Memorial Campus in
Brookfield, St. Joseph and St. Francis in Milwaukee; Wisconsin
Heart Hospital and Midwest Spine and Orthopedic Hospital in
Wauwatosa; Franklin Hospital and Midwest Orthopedic Specialty
Hospital, a joint venture, in Franklin; Wheaton Franciscan
Medical Group, outpatient centers, three transitional and
extended care facilities, Home Health, and Hospice.
Ascension Health President and CEO Robert Henkel said the two
organizations share the same mission, specifically “caring for
all persons, especially those who are struggling the most.”
Wheaton Franciscan Healthcare President and CEO said he is
looking forward to continued discussions and a definitive
agreement and complete transfer is expected in early 2016.