Dickinson County Healthcare System (DCHS) announced yesterday that its board of directors has signed a Letter of Intent (LOI) with Bellin Health to explore the possibility of being acquired by Bellin.
By joining forces with Bellin, DCHS will be able to fund improvements and expand its services that will enhance its ability to meet the needs of patients, while maintaining its strong local culture. The two entities have a long history of collaboration and both organizations are looking forward to full integration for the benefit of the community.
The LOI means the two entities will now work toward an agreement for Bellin to acquire the assets of DCHS.
It is anticipated that a purchase agreement will be worked out during the coming months and finalized during the second quarter of 2018. The agreement will have to be approved by both the Bellin and DCHS Boards and will also go to the Dickinson County Board of Commissioners for approval.