WXYZ, March 24, 2014
Beaumont Health Systems, Botsford Health Care and Oakwood Healthcare announced Friday they signed a letter of intent, and started exclusive negotiations about combining their operations into a new health care system. The boards of the three companies approved a letter of intent, that would form a new, $3.8 billion health system, combining assets, liabilities and operations under unified executive board leadership. It would combine their eight hospitals and 153 other patient care sites, into one collaborative health network. "We are three successful health care organizations driven by a shared desire to collectively build upon our success in improving quality, efficiency and value in health care delivery," says Gene Michalski, CEO of Beaumont Health System.