Initial pre-integration planning beginning, regulatory review ongoing
Spectrum Health and Beaumont Health continue to make progress toward combining the two organizations to form a new health system that is For Michigan, By Michigan™. Several weeks after signing an integration agreement, pre-integration planning is now underway, which is permissible under regulatory guidelines, and will not be implemented until closing. The two organizations are beginning to identify representatives to start collaborating on ways to successfully launch the new health system, which will initially be temporarily named BHSH System.
Spectrum Health and Beaumont Health Have Signed a Formal Integration Agreement. The integration agreement signals ongoing momentum and commitment toward the organizations’ shared vision to provide more accessible, affordable, equitable and exceptional health care and coverage for people across the state.
Our Shared Vision: Health Care For Michigan, By Michigan™
Dear Fellow Michiganders,
The past year has caused many of us to think differently and explore new ideas around how our communities receive and access health care. To improve health in our communities across Michigan, we need to make health care easier to access and more affordable. Leaders from Beaumont Health and Spectrum Health recognize the opportunity to lead these initiatives and are now determining how our health systems could work together to provide even greater value to our communities…
Beaumont and Spectrum Health have a shared goal to create a new Michigan-based nonprofit integrated health system, enhancing their exceptional cultures to transform health care and coverage in Michigan (the “System”). The transactions and processes needed to accomplish this shared vision for establishing the System are sometimes referred to herein as the “Integration.”
The Parties are undertaking this Integration to develop a permanent organization that will effectively and efficiently integrate health care services and health care coverage to: (1) improve health, health access, and health equity; (2) enhance consumer experience; (3) improve the quality, value, and outcomes of health care; (4) make health care more affordable for the communities we serve; and (5) ensure the voices of team members and physicians are heard…
New system will improve health care for people across the state
GRAND RAPIDS, Mich. and SOUTHFIELD, Mich. – Beaumont Health and Spectrum Health, two of the most respected health systems in Michigan, announced today they have signed a Letter of Intent (LOI) to explore creating a new health system. Leaders from Beaumont Health and Spectrum Health believe that creating a new Michigan-based health system will build a stronger future that provides more accessible, affordable and equitable health care and coverage for people across the state. Priority Health, Spectrum Health’s top-rated, Michigan-based health plan, will also be part of the new system…