MARQUETTE, MI-- It’s official. Duke LifePoint Healthcare is acquiring Marquette General Health System.
The MGH Board of Trustees announced Tuesday that a definitive agreement for the purchase has been signed, and is now subject to review by the Michigan Attorney General.
Officials say funds from the transaction will be used to eliminate Marquette General’s debt and fund its pension program. The remaining proceeds will be used to fund a community foundation that will support healthcare organizations and initiatives around the U.P.
Duke LifePoint says it will offer employment to all current MGH employees, subject to standard pre-employment screenings, and will assume the hospital’s obligations under its contract with the Michigan Nurses Association.
Duke also says it will invest in physician recruitment and capital improvement projects, including a state-of-the-art outpatient surgery center, comprehensive cancer center, private patient rooms, and new IT infrastructure.
Officials note they will continue relationships the hospital has established with organizations like Northern Michigan University, Superior Health Partners, and Michigan State University.
