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Sparrow, Hayes Green Beach Memorial Hospital formalize affiliation agreement

Lansing, Mich.-based Sparrow Health System and Charlotte, Mich.-based Hayes Green Beach Memorial Hospital signed a formal affiliation agreement to improve the level of care currently provided to members of the community, effective Oct. 1.

According to the agreement, HGB will be a formal affiliate of Sparrow Health System for a three-year period. The organizations will also establish a community fund to support community and regional health efforts, worth $1 million. The fund will be managed by the newly-created Eaton Community Health.

The organizations had previously worked together under a nonexclusive contract for the past four years.

More articles on transactions and valuations:
Southcoast Health, Care New England end plans to affiliate
Perimeter Healthcare acquires WoodRidge Behavioral Care
14 recent hospital transactions and partnerships

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