Chippewa Valley Health Cooperative Signs Purchase Agreement With HSHS

Chippewa Valley Health Cooperative Signs Purchase Agreement With HSHS

The Chippewa Valley Health Cooperative is entering a purchase agreement for empty St. Joseph’s Hospital. Hospital Sisters Health System is considering selling the empty hospital, after closing it almost a year ago. The health cooperative says it’ll use the hospital while working on a new facility in Lake Hallie. They say that new hospital will be open in the fall of 2027.  

Below is the press release from the Health Cooperative:

 In a big step forward towards opening an interim  healthcare facility while it builds its new state-of-the-art hospital, the Chippewa Valley Health  Cooperative announced today that it has an executed purchase agreement with Hospital Sisters  Health System (HSHS) for the St. Joseph’s Hospital building in Chippewa Falls. The  Cooperative and HSHS initially signed the letter of intent in December 2024.  

The Cooperative’s goal is to start taking care of patients as fast as possible, using the Chippewa  Falls medical building as an interim healthcare facility to provide urgently needed services while  the Cooperative builds the new sustainable, future-forward hospital.  

The Cooperative has 90 days to conclude due diligence to determine if reopening the hospital is  financially possible. If it’s feasible, the Cooperative could open its doors at the St. Joseph’s  campus as early as winter 2025. 

“We are thankful that HSHS has worked collaboratively with the Cooperative while we ironed  out the details of the contract,” said Robert Krause, Chair of the Chippewa Valley Health  Cooperative. “We’ve made good progress in our due diligence process during that time and are  moving forward as quickly as possible with the rest of the required due diligence now that we  have full access to the facility.”  

Last week the Cooperative announced that local architect River Valley Associates (RVA) has  been awarded the assignment of designing the new state-of-the-art hospital that will be built in  Lake Hallie, Wisconsin, which is strategically located on Hwy 53 between Eau Claire and  Chippewa Falls.  

“Since we started the Cooperative, we’ve been singularly focused on making locally governed high-quality healthcare accessible and affordable for Chippewa Valley residents here as fast as  possible,” added Krause.

Mike Sanders, Managing Director of 1100 Partners and former CEO of Monroe Clinic, who has  been working hand-in-hand with the Cooperative since it was formed, added, “While the cost to  modernize and make the St. Joseph’s facility financially feasible for the next 50 years is  prohibitive, we hope the we can open it and fill a critical need in the near and short term. We  believe most expenditures required to open the Chippewa Falls facility will be transferrable to  the new hospital and give us a leg up on operations.”  

Leave a Reply

Your email address will not be published. Required fields are marked *