Displaying items by tag: Beaumont Health

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 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 Health and Beaumont Health have signed a formal integration agreement to advance plans for a blockbuster merger, the health systems announced today.

The U.S. Federal Trade Commission is in the middle of its antitrust review of the proposed merger between Beaumont Health and Spectrum Health.

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.

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.

If culture truly does trump strategy, then add one more complexity to the proposed merger between Spectrum Health and Beaumont Health.

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.

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.

The proposed merger between Spectrum Health and Beaumont Health could add fuel to the years-long trend of consolidation in the health care industry.