The two organizations have approved a deal where PHS will become a Spectrum Health hospital known as Spectrum Health Pennock. As part of the deal, Spectrum Health has agreed to make a $46 million capital commitment over a 10-year period and continue current essential services for at least 10 years.
Spectrum Health has also agreed to contribute $10 million to the Pennock Foundation, which will integrate with the Spectrum Health Foundation, and has committed to a nine-month master facility planning process for Pennock’s new hospital project, according to a news release.
“We remain committed to providing a seamless circle of patient care by offering greater access to physician services,” Sheryl Lewis Blake, CEO of Pennock Health Services, said in a statement. “The connection with Spectrum Health provides an opportunity to increase services locally, while facility and technology replacements are enhanced by the economies of scale achieved by integrating with a larger system.”
Spectrum Health is comprised of 11 hospitals, 170 ambulatory and service sites, 1,200 physicians and advanced practice providers including members of Spectrum Health Medical Group, and Priority Health, a health plan with more than 600,000 members.
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