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LANSING, Mich. — Beneath a proposed settlement, Sparrow Well being System will be part of College of Michigan Well being to “broaden providers to mid-Michigan residents.”
“Sparrow Well being System will be part of College of Michigan Well being beneath a proposed settlement that may broaden providers to Mid-Michigan residents, present entry to the very best degree of care, enhance amenities and know-how, and start a brand new chapter in Sparrow’s storied historical past,” a joint information launch stated.
The settlement was accepted by the College of Michigan Board of Regents at its assembly Thursday in addition to the Sparrow Well being System Board of Administrators on Nov. 28.
It’s anticipated to be accomplished within the first six months of 2023 “pending last regulatory approvals and completion of the closing course of.”
“The partnership with College of Michigan Well being offers Sparrow the chance to take a better management position in enhancing the well being of the communities we serve,” stated Sparrow Well being System President and CEO James F. Dover.
An affiliation settlement was beforehand put in place between the 2 organizations in 2019 for pediatric providers.
“This settlement builds upon the profitable partnership fashioned by U-M Well being at Sparrow Kids’s Middle,” stated U-M Well being President David Miller, M.D., M.P.H. “This established partnership has clarified the robust cultural alignment between U-M Well being and Sparrow, whereas offering extremely essential pediatric care to households all through Mid-Michigan. Our expanded partnership with Sparrow will additional strengthen U-M Well being’s means to supply high quality well being care in communities past southeast Michigan.”
The college has dedicated to take a position $800 million into Sparrow, which can be funded over eight years. In line with the discharge, the addition of Sparrow will make U-M Well being a $7 billion group with over 200 websites throughout Michigan.
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