The 25-bed Ionia has been managed by Sparrow since 2006, and Sparrow has loaned Ionia approximately $3 million to date.
As part of the merger, Ionia will become an affiliate of Sparrow, which will allow the hospital access to more capital for equipment and other improvements, according to the article.
Read the Lansing State Journal’s report on Sparrow Health System.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
