In a blockbuster deal to combine two of Michigan’s largest hospital groups, Henry Ford Health System and Beaumont Health System are expected to announce Wednesday that they have signed letters of intent to pursue a merger, Tom Walsh has reported in the Free Press.
A press conference is to be held at 11 a.m. at William Beaumont Hospital in Royal Oak, with CEOs of both groups present, several sources told the paper.
News of the deal, which is contingent on further discussions and due diligence, began to circulate among industry and civic leaders Tuesday afternoon, following a meeting where Beaumont trustees approved it, according to sources who requested anonymity because the discussions were confidential. Henry Ford’s board met last Friday and voted to pursue the merger.
Beaumont, with hospitals in Royal Oak, Troy and Grosse Pointe, has been courting potential merger partners for at least the past six months, according to industry officials.
