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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