University of Wisconsin Health (UW Health) announced they have signed a definitive agreement to merge with SwedishAmerican Health System the organizations and make SwedishAmerican an integral part of UW Health.
The definitive agreement follows a letter of intent announced in April of 2014. Pending state and federal regulatory approvals, UW Health and SwedishAmerican expect to finalize the transaction in January of 2015.
UW Health is a voluntary nonprofit health system with 885 staffed beds. SwedishAmerican Health System is also a voluntary nonprofit health system of 308 staffed beds.
Dr. Bill Gorski continues as the president and CEO of SwedishAmerican and will report to both the SwedishAmerican board and the board of University Health Care, Inc., the not-for-profit organization that facilitates relationships with health systems on behalf of UW Health.