Beaumont Health System and Henry Ford Health System to merge
Click to Watch Video
Click to Watch Video
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 10/31/2012
ROYAL OAK, Mich (WXYZ) - Beaumont Health System and Henry Ford Health System have announced they intend to merge in a deal that will create a new organization that is valued at an estimated $6.4 billion.
The announcement came during an 11:00 a.m. news conference.
The new company will integrate Henry Ford and Beaumont's 10 hospital and 200 other patient care sites. Beaumont and Henry Ford say it will be one of the most comprehensive health systems in Michigan.
The details of the deal are still being negotiated. Today's announcement puts the companies in a period of exclusive negotiations and due diligence.
The definitive agreement that will create the new company is expected to be completed in the first half of 2013. The new company will be operated as a not-for-profit organization.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
PRINTTop Stories
-
Detroit waits for new EMS fleet
A new fleet of ambulances has been promised to the City of Detroit-- but while they are on order, lives remain in danger.
-
Who stays & who leaves with a new arena?
Who would stay and who would go if the proposed sports and entertainment district gets the final green light?
-
MI Supreme Court axes Wayne Co. judge
The Michigan Supreme Court has ousted a Wayne County judge for forging her lawyer's signature on divorce papers and lying under oath.
