Michigan Medicine to own Lansing-based Sparrow Health System for $800M - MLive.com

ANN ARBOR, MI - Michigan Medicine announced Thursday the $800 cardinal acquisition of the Lansing-based Sparrow Health System.

The University of Michigan Board of Regents unanimously approved a determination during the Dec. 8 gathering that volition align some the Sparrow and UM Health wellness systems, according to assemblage documents.

The affiliation was initially signed connected Oct. 7, the documents show, arsenic Sparrow volition autumn nether the UM Health System marque with entree to its care, acquisition and probe capabilities.

The $800 cardinal acquisition volition beryllium an concern made implicit the adjacent 8 years, according to a merchandise from Sparrow.

Michigan Medicine and UM Health employment much than 24,000 employees and handled much than 2.6 cardinal diligent session visits successful 2022, according to UM. The determination to adhd Sparrow is to grow attraction crossed the state, according to the assemblage document.

“The mission, imaginativeness and values of the 2 organizations are aligned with a communal extremity to present connected the committedness of nationally renowned objective excellence successful an accessible setting,” said UM President Santa Ono during the Thursday regents meeting.

The woody is expected to beryllium completed successful the archetypal fractional of 2023, according to the Sparrow release.

Sparrow operates successful 115 locations, including 2 Lansing-based hospitals and respective assemblage hospitals successful Charlotte, St. Johns, Ionia, Carson City and more. Michigan Medicine volition besides sorb Sparrow’s determination security company, Physicians Health Plan.

Michigan Medicine and Sparrow started collaborating successful 2019 to utilize the strengths of some entities, according to a UM release.

“UM and Sparrow entered into collaborations dedicated to advancing the proviso of high-quality, accessible, and affordable wellness attraction for the populations that they service based, successful part, connected the complementary attributes and resources of UM arsenic an world wellness strategy and Sparrow arsenic a wellness attraction strategy with unsocial capabilities operating assemblage hospitals and wellness security businesses,” according to the assemblage document.

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