“This is a very exciting time for Alpena Regional Medical Center,” said Eric Smith, board chairman of ARMC. “Together with MidMichigan Health and the University of Michigan Health System, we will best meet the changing healthcare needs of our community by enhancing local capabilities and services, and addressing key issues, such as population health.”
The organizations anticipate signing a definitive agreement by early 2016.
MidMichigan Health covers a 15-county region with medical centers in Midland, Alma, Clare and Gladwin.
More articles on healthcare industry transactions:
9 recent hospital transactions and partnerships
Another potential bidder joins Barnabas and Prime in fight for bankrupt NJ hospital
T.J. Regional Health explores takeover of bankrupt Kentucky hospital
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.