Michigan-based hospital systems Beaumont and Spectrum Health explore merger
Michigan-based hospital systems Beaumont Health and Spectrum Health are exploring a merger.
A Letter of Intent signed by Beaumont Health and Spectrum Health is the foundation for the two organizations seeking to organize a new Michigan-based health system.
If an agreement is reached, it would bring together 22 hospitals, 305 outpatient locations and 64,000 employees.
Touted a “New Health System for Michigan, By Michigan,” Grand Rapids-based Spectrum Health President and CEO Tina Freese Decker will lead the new network.
In a news release, Freese Decker said, “Beaumont Health and Spectrum Health are leaders in our respective markets, and by bringing together our organizations to create a new system, we have the opportunity to deliver greater value in high-quality and affordable health care to our communities.”
Priority Health, Spectrum's Michigan-based health insurance plan with more than 1 million members, will be part of the new system.
Beaumont and Spectrum hope to complete the merger this fall. As a statewide network, the plan is operating dual headquarters in Grand Rapids and Southfield.