U of M Well being System strikes to accumulate Lansing’s Sparrow Well being

Lansing’s Sparrow Heath System is on its approach to being acquired by the College of Michigan Well being System.

Oversight boards for each well being techniques have accepted the acquisition. The Sparrow Well being System Board of Administrators gave its approval on November 28. The U of M Board of Regents adopted swimsuit and signed off on the settlement at its December 8 assembly.

A Sparrow official stated the settlement will allow the Lansing hospital system to develop providers to mid-Michigan residents.

“The partnership with College of Michigan Well being gives Sparrow the chance to take a better management position in enhancing the well being of the communities we serve,” stated James Dover, Sparrow Well being System president and CEO.

College of Michigan Well being has dedicated to take a position $800 million in Sparrow Well being System’s services, operations, and different strategic investments over eight years, in accordance with statements from each techniques.

Paul Brown is the chairman of the College of Michigan Board of Regents. He stated the settlement strengthens the U of M Well being System’s capacity to supply high quality healthcare in communities past southeast Michigan and expands its mission as “a statewide referral web site for probably the most critically ailing.”

The acquisition is anticipated to be accomplished within the first half of 2023, although the settlement nonetheless wants regulatory approval.