Froedtert Health this week announced plans to buy out another health system’s share of an insurance provider that serves 23 Wisconsin counties and 117,000 people.

Ascension Wisconsin has agreed to sell its 50 percent interest in Network Health to Froedtert, after the two health care providers previously split ownership 50-50, according to Froedtert’s announcement. The sale still needs to be approved by regulators.

In a statement, Froedtert President and CEO Cathy Jacobson said acquiring 100 percent ownership of Network Health is consistent with the organization’s mission.

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