The two organizations have worked together unofficially since 2009. The University of Michigan Health System filed a letter of intent to acquire Metro Health Monday.
The financial terms of the agreement, if any, have not been disclosed.
“This is a transformational day for healthcare in west Michigan,” said Michael Faas, president and CEO of Metro Health. “Our affiliation with the University of Michigan will help ensure our patients and the people of west Michigan continue to have access to great quality care and choice when they consider their health care needs. U-M and Metro Health doctors will work alongside each other to provide the latest, most advanced and most innovative care to patients.”
More articles on transactions and valuations:
11 healthcare transactions in 2016 with $600M+ price tags
Keokuk Health Systems, UnityPoint Health to formalize affiliation
University of Miami Health System to manage, provide services at 17 Walgreens clinics
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
