fbpx

Displaying items tagged: Beaumont Health

Monday, 14 November 2022 21:36

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.

Published in Health Care
Tuesday, 11 October 2022 10:11

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.

Published in Health Care
Friday, 09 September 2022 12:08

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. 

Published in Health Care

Thursday, 18 August 2022 12:04

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.

Published in Health Care
Tuesday, 12 April 2022 13:04

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.

Published in Health Care
Sunday, 13 February 2022 18:38

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.

Published in Health Care

Monday, 31 January 2022 16:43

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.

Published in Health Care
Sunday, 07 November 2021 18:40

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.

Published in Health Care
Friday, 24 September 2021 15:53

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.

Published in Health Care

Thursday, 02 September 2021 15:22

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.

Published in Health Care
Monday, 30 August 2021 14:10

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.

Published in Health Care
Sunday, 18 July 2021 17:36

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.

Published in Health Care

Sunday, 18 July 2021 17:24

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.

Published in Health Care
Sunday, 04 July 2021 16:15

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.

Published in Health Care
Friday, 25 June 2021 12:26

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.

Published in Health Care

Monday, 21 June 2021 16:29

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.

Published in Health Care
Sunday, 20 June 2021 18:20

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.

Published in Health Care
Thursday, 17 June 2021 14:38

‘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.

Published in Health Care

Thursday, 17 June 2021 10:10

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.

Published in Health Care
Sunday, 31 January 2021 18:50

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.

Published in Economic Development
Thursday, 12 November 2020 13:05

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.

Published in Health Care