Displaying items tagged: Beaumont Health
State, federal relief boost Corewell Health’s bottom line as ‘unfavorable’ conditions persist
More than $100 million in state and federal assistance accounted for much of Corewell Health’s operating margin during the first nine months of 2022, as results narrowed amid higher labor costs.
BHSH System rebrands as Corewell Health after Spectrum-Beaumont merger
The health system that temporarily took on the BHSH System moniker following the blockbuster merger earlier this year between Spectrum Health and Beaumont Health is now known as Corewell Health.
BHSH slashes 400 non-clinical, administrative positions statewide to address rising costs
GRAND RAPIDS — BHSH System has eliminated 400 positions across the state in a move to address rising costs that have been hitting the health care industry hard this year.
Beaumont Health lost $100M in first half of 2022; Spectrum and Priority Health gains offset losses for BHSH System
First half revenues fell well below BHSH System’s projections as major losses in Southeast Michigan were offset by gains in West Michigan.
That’s according to a new quarterly report that sheds light on the finances of the largest in-state health care provider created by the merger of Beaumont Health and Spectrum Health earlier this year.
BHSH System, GVSU launch $19M scholarship program to combat nursing shortage
GRAND RAPIDS — BHSH System will put $19 million toward increasing the talent pipeline for nurses who earn their degree at Grand Valley State University, officials announced today.
Spectrum-Beaumont merger creates SE Mich. market share opportunity for Priority Health
The recent merger between Spectrum Health and Beaumont Health creates the potential for Priority Health to make deeper inroads in the Southeast Michigan health insurance market.
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Future health care costs in focus as Spectrum, Beaumont finalize merger
The new health system that Spectrum Health and Beaumont Health plan to launch Tuesday will have considerable market clout in the Michigan health care market, raising concerns about the potential effect on costs.
Federal merger review backlog continues to stall Spectrum-Beaumont deal
The regulatory review of the proposed merger between Spectrum Health and Beaumont Health has taken longer than expected as the Federal Trade Commission examines a recent flood of deals.
Spectrum-Beaumont merger plan likely to miss fall deadline amid regulatory review delays
Spectrum Health and Beaumont Health said today that they “continue to make progress” toward a proposed merger that would create the largest health system based in Michigan, although the regulatory review process has been taking longer than expected.
Spectrum, Beaumont advance merger with formal integration agreement
Spectrum Health and Beaumont Health have signed a formal integration agreement to advance plans for a blockbuster merger, the health systems announced today.
Crain’s Detroit: Regulators reviewing Spectrum, Beaumont merger ahead of fall closing
The U.S. Federal Trade Commission is in the middle of its antitrust review of the proposed merger between Beaumont Health and Spectrum Health.
Planned Mercy Health psych hospital comes after partner paid $122M settlement
The Pennsylvania corporation that Mercy Health partnered with to develop a new Kent County psychiatric hospital paid $122 million a year ago to settle allegations of poor patient care and fraudulent billing to Medicaid and Medicare.
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After failed mergers and employee dissension, Beaumont Health seeks to join a rising star
In May 2007, William Beaumont Hospitals — which at the time operated community hospitals in Royal Oak and Troy — acquired the Bon Secours Hospital in Grosse Pointe.
Reporter's Notebook: Merging cultures will be key to Spectrum-Beaumont deal
If culture truly does trump strategy, then add one more complexity to the proposed merger between Spectrum Health and Beaumont Health.
Former Spectrum CFO sees no ‘compelling reason’ for merger with Beaumont
Spectrum Health’s former chief financial officer was “stunned” when he learned about the health system’s proposed merger with Beaumont Health, and doubts the plan will achieve the intended goals.
Employer group raises concerns over proposed Spectrum-Beaumont merger
The proposed merger between Spectrum Health and Beaumont Health that would form the largest in-state health system in Michigan has drawn concern from a statewide business-labor coalition that worries about the resulting potential for higher prices.
Spectrum, Beaumont follow health consolidation trend
The proposed merger between Spectrum Health and Beaumont Health could add fuel to the years-long trend of consolidation in the health care industry.
‘I’m wishing them well’: Health care leaders respond to Spectrum-Beaumont merger plan
Michigan health care leaders say a potential merger between Spectrum Health and Southfield-based Beaumont Health could have significant implications for the statewide health care and insurance markets.
Spectrum Health, Beaumont Health plan blockbuster merger
GRAND RAPIDS — Spectrum Health, which was created through a merger more than two decades ago and went on to become West Michigan’s largest health care provider, intends to merge with Southfield-based Beaumont Health.
Finance, health care remain vigilant on cybersecurity as small biz takes notice
Through working with a number of banks and credit unions, Randy Brinks is fully aware of the giant target that the financial services industry has had for years concerning cybersecurity threats.
Michigan at ‘pivotal point’ in COVID-19 fight, health officials say
After hospitalizations statewide doubled in just two weeks, health care executives across Michigan are emphasizing the need for people to follow public health guidelines to get the spread of the coronavirus back under control.