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University Of Michigan Health

All articles tagged with #university of michigan health

healthcare1 year ago

University of Michigan Health Expands with Purchase of Former Kmart HQ Land

The University of Michigan Health system is purchasing a portion of the former Kmart headquarters land in Troy for $4.42 million to build a multi-specialty facility, aiming to expand its presence in Metro Detroit. The new facility will focus on advanced specialty and diagnostic services, providing easier access to healthcare for metro Detroit residents. This expansion aligns with Michigan Medicine's efforts to create a statewide network of care and follows recent mergers and joint ventures in the state's healthcare landscape.

via Detroit News|
#healthcare#healthcare-expansion#michigan-medicine
healthcare2 years ago

Sparrow Health System merges with University of Michigan Health, creating $7B entity.

University of Michigan Health has completed its merger with Sparrow Health System, creating one of Michigan's largest healthcare systems valued at $7 billion with 11 hospitals and 43,820 employees. The deal includes Sparrow's Physicians Health Plan and a Medicare Advantage plan. The University of Michigan Health has pledged an $800 million investment over the next eight years in Sparrow's six hospital campuses, funding facility projects, operations, and other strategic investments. No new name for the combined health system was announced, but a brand change is expected within the next year or less.

via Detroit Free Press|
#healthcare#hospitals#merger
healthcare2 years ago

Michigan Medicine and Sparrow Health Merge.

Sparrow Health System and University of Michigan Health have officially merged, giving Michigan Medicine oversight of 200-plus care sites across Michigan. The merger will not switch a patient’s care to another physician or specialist, and the Sparrow brand name will currently remain. The $800 million purchase will be funded through hospital operations and strategic investments over the next eight years. Both health systems have a goal of coordinating medical care across the state and bringing increased healthcare innovation to Mid-Michigan and beyond.

via MLive.com|
#healthcare#healthcare-innovation#merger
healthcare2 years ago

University of Michigan Health and Sparrow Health System complete merger

University of Michigan Health has officially acquired Sparrow Health System, creating a statewide system of care with more than 200 sites of care across Michigan. UM officials plan to spend $800 million on Sparrow over the next eight years, funded through hospital operations and investments. The merger will expand specialty services into Sparrow's footprint in mid-Michigan, including plastic surgery offerings for complex cancers and complicated reconstructive surgeries, and anesthesia. Sparrow patients will continue to see their regular doctors, and Sparrow's medical team will continue reporting to their existing Sparrow department directors.

via Detroit News|
#healthcare#healthcare-market#hospital-system-consolidation