Tuesday, May 21, 2013
Henry Ford board members voted against the multi-billion-dollar deal Tuesday afternoon.
The Beaumont and Henry Ford health systems merger has been called off after "different perspectives" emerged about the $6.4-billion deal. Henry Ford board of trustees' decision Tuesday followed six months of due diligence discussions involving hundreds of Beaumont and Henry Ford team members, according to Beaumont. “We have benefited greatly from our merger discussions and have great respect for our colleagues at Henry Ford,” said Gene Michalski, president and CEO, Beaumont Health System. “However, we found through our discussions that we are not aligned on how to achieve our vision for a model health system due to differences in our structures and business models.” In a letter to employees, Henry Ford CEO Nancy Schlichting wrote the …
Henry Ford ends discussions with Beaumont.
Beaumont Health System and Henry Ford Health System have ended discussions of a proposed merger to combine their operations into a new health system. “We have benefitted greatly from our merger discussions and have great respect for our colleagues at Henry Ford,” says Gene Michalski, president and CEO, Beaumont Health System. “However, we found through our discussions that we are not aligned on how to achieve our vision for a model health system due to differences in our structures and business models.” Today’s announcement followed six months of due diligence discussions involving hundreds of Beaumont and Henry Ford team members. “We are very grateful to our board members, physicians, nurses, leaders and other professionals who worked …
Wednesday, October 31, 2012
Beaumont Health System and Henry Ford Health System sign letter of intent to combine operations.
Beaumont Health System and Henry Ford Health System announced Wednesday that they are taking the first steps toward entering a multi-billion dollar partnership. While the hopsitals will combine operations after a 120-day period of negotiations and due diligence, the two systems will retain their respective brand names and separate identities, officials said. Today's announcement at Beaumont Hospital's Royal Oak campus, is the result of Beaumont's board of directors developing a strategic plan over the past 20 months to transform its system from providing procedures to promoting health and wellness among the population. To make that transformation, Beaumont sought a like-minded partner, said Steve Howard, Chairman of the Board of Trustees, …
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Herb Helzer
11:41 am on Wednesday, May 22, 2013
So the reporting in this "business" article consists of pulling quotes from the Beaumont press release (conveniently posted to Patch BY Beaumont) and the letter to Henry Ford employees (which appeared in a sidebar next to the Detroit Free Press article). Is there a local angle, or anything else the community should know about this story? Guess we'll be left to wonder and watch as the "Team Beau" … more ›