DULUTH, MN (KDAL) – Duluth based St. Luke’s and Aspirus Health, based in Wausau, Wisconsin, have now signed a definitive agreement for a proposed affiliation.
Under terms of the agreement, Aspirus will invest at least 300 million dollars over eight years to help fund St. Luke’s projects.
The Aspirus Health Plan will expand into the St. Luke’s service area and offer its health insurance plan.
The combined organization would operate 19 hospitals and 130 outpatient locations in Minnesota, Wisconsin and Upper Michigan.
The system will operate with headquarters in Wausau and maintain a corporate office in Duluth.
Pending regulatory approval, the affiliation should be complete by the spring of 2024.
