According to the report, BMC employees would retain their jobs if a deal is made. Pensions funds would also be protected, and charity and uncompensated care would continue as well.
BMC, a safety-net hospital that provides a lot of care to low-income patients, currently needs between $12 million and $15 million per year in capital improvements. It did not say which healthcare systems it is pursuing for the partnership.
Read the News Herald report on Bay Medical Center.
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https://www.beckershospitalreview.com/hospital-transactions-and-valuation-issues/northern-michigan-regional-health-system-mclaren-health-care-initiate-affiliation-talks.html
