Displaying items by tag: Metro Health
Metro Health enters 2017 as a subsidiary of the University of Michigan Health System after the two closed on an affiliation agreement toward the end of 2016. The deal with the Ann Arbor-based U-M Health System gives Metro Health a partner to expand medical services ranging from primary care to specialties. It also allows Metro Health to better compete in the market. President and CEO Mike Faas told MiBiz he believes the deal is the biggest thing to happen in the local health care market since the 1997 merger of the former Butterworth Hospital and Blodgett Memorial Medical Center that created Spectrum Health, the largest care provider in the region.
Becoming part of the University of Michigan Health System provides Metro Health not only better access to capital needed to drive growth, but also the ability to put more of it to use.
Metro Health and the University of Michigan Health System say they’ve reached a final affiliation agreement.
The University of Michigan Health System’s acquisition of Metro Health appears on track to close in the near future.
Large amounts of new office space, particularly for medical uses, will come online in suburban Grand Rapids in the near future, and it’s not expected to last long on the market.
Metro Health can now begin performing angioplasty on an elective basis after earning state approval.
Metro Health’s probable link with the University of Michigan Health System comes a little more than a year after a joint venture collapsed with one of the largest operators of hospitals in America.
Affiliating with the University of Michigan Health System would give Metro Health scale and the access to expertise and capital needed for breaking out of the shadows of its larger competitors in Grand Rapids.
Metro Health would become part of the University of Michigan Health System by year’s end under a definitive agreement announced today.
GRAND RAPIDS — Two organizations that represent independent physicians in West Michigan could morph into a single new group they formed last year to give greater voice to doctors who operate their own medical practices.