Becker's Healthcare September 16, 2024
Toledo, Ohio-based ProMedica has signed a definitive asset purchase agreement with Insight Health System, under which Insight will acquire Coldwater (Mich.) Regional Hospital.
Flint, Mich.-based Insight plans to keep current Coldwater Regional Hospital President Dan Schwanke and the remainder of the current leadership team intact. Insight and ProMedica will also establish a joint planning team to ensure a smooth transition.
The transaction is expected to be completed by Nov. 1, a spokesperson for ProMedica told Becker’s.
“We are grateful to ProMedica and Coldwater Regional Hospital leadership teams for their dedication and commitment to ensuring a smooth transition over the coming months,” Insight Chief Strategy Officer Atif Bawahab said in a Sept. 16 news release.
The health system is also...
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