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McLaren Health Care pursues 2nd acquisition in 2 weeks

The Caro (Mich.) Community Hospital board of trustees signed a definitive agreement Tuesday to join McLaren Health Care, a 12-hospital system in Grand Blanc, Mich.

Under the agreement, CCH will become a wholly-owned subsidiary of McLaren. The organizations will collaborate to expand healthcare services and improve employee and physician recruitment at CCH to provide the best care possible for Michigan residents.

CCH will retain its board of trustees and continue to make business decisions based on the local community's healthcare needs, officials said.

"Caro Community Hospital has been providing quality healthcare services to a very important market in Michigan for 90 years," said Phil Incarnati, president and CEO of McLaren. "Our commitment will be to work closely with CCH's leadership and medical staff to identify physician and hospital services that add value and meet the health and wellness needs of the community."

CCH is the second hospital to join McLaren within the past two weeks. Bad Axe, Mich.-based Huron Medical Center said Nov. 29 it will exclusively pursue a letter of intent to integrate with McLaren.

More articles on transactions and valuations:
VA, DOD allegedly considering merging health systems
North Carolina community still dealing with effects of hospital closure 13 years ago
Bellin Health crosses state lines to acquire Michigan hospital

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