6-13-18 beaver dam community hospitals to join marshfield clinic

Beaver Dam Community Hospitals has agreed to become part of the Marshfield Clinic Health System.  Beaver Dam Community Hospital President and CEO Kim Miller says they approached Marshfield Clinic about becoming part of its system.  By the end of the year Marshfield Clinic is expected to have six hospitals and plans to build a small 12 bed hospital in Minocqua.  Beaver Dam Community Hospitals employs 850 people with more than $100 million in revenue.  It reported an operating loss of $3.8 million for its fiscal year ended June 30, according to its audited financial statement.  And for the first nine months of its current fiscal year, it has reported an unaudited loss of $2.8 million.  Becoming part of a large health system will provide more financial stability and potentially lower operating costs. The health system is expected to become part of Marshfield Clinic by the end of this year.