Healthcare DIVE June 18, 2021
Dive Brief:
- Beaumont Health and Spectrum Health are looking to merge in a deal that would result in Michigan’s biggest health system with 22 hospitals and 64,000 employees across the state, with combined annual revenue of almost $13 billion.
- Executives of the two systems announced Thursday they have signed a letter of intent to explore creating a joint health system. The deal would include Spectrum’s Michigan-based health insurance plan, Priority Health, which has 1.2 million customers.
- It’s the third large-scale merger bid for Southfield-based Beaumont since 2019. Talks with two other out-of-state systems fell apart amid the coronavirus pandemic and doctor opposition to the deals.
Dive Insight:
Beaumont seems increasingly desperate for a deal.
Most recently, in October,...
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