Prairie Lakes Healthcare System And Brown Clinic Finalize Agreement
Prairie Lakes Healthcare System and Brown Clinic are pleased to announce they have entered into a definitive agreement for the acquisition of Brown Clinic by Prairie Lakes Healthcare System effective January 1, 2024. Brown Clinic will then become Prairie Lakes Brown Clinic.
“This agreement is monumental for both organizations and a step forward for the community of Watertown,” said Vincent A. “Vince” Foley, Chairman of the Prairie Lakes Healthcare System Board of Directors. “Creating more cohesive care will make it easier for patients to access health care services from primary care to specialty and hospital care all under one unified health system.”
“Brown Clinic and Prairie Lakes have a long history of collaboration, so it feels natural to formalize our relationship to ensure that exceptional health care stays local and accessible for Watertown and the surrounding communities,” added Stacie Lenssen, MD, Brown Clinic, General Partner.
In May 2023, the organizations signed a letter of intent and entered into a period of due diligence to reach a definitive agreement. “The due diligence period allowed both organizations to explore the opportunities and benefits of integrating our clinical operations and developing plans to move forward. The next step in the transition is getting into the specifics of processes, systems, people, and protocols that need to be in place before January,” commented John Allen, CEO of Prairie Lakes Healthcare System.
Lenssen noted that “We are excited to advance to the next chapter of providing a comprehensive continuum of healthcare services to the community, supporting medical provider and service line growth, and continuing to strengthen the outstanding patient-centered care our teams provide every day.”
There are many details of the agreement that will be addressed during the transition period that will take place between now and January 1st, 2024. A “frequently asked questions” document is available on the Brown Clinic and Prairie Lakes Healthcare System websites.