Michigan Medicine announces plans to acquire Sparrow Health System

LANSING — Michigan Medicine announced Thursday plans to acquire Sparrow Health System.

In a release, Sparrow announced that its board of directors approved the agreement on Nov. 28 and the University of Michigan Board of Regents approved the agreement on Thursday. UM owns Michigan Medicine.

The deal is expected to be completed in the “first half” of 2023, pending regulatory approvals. It was first reported by Crain’s Detroit Business.

“The partnership with the University of Michigan Health provides Sparrow the opportunity to take a greater leadership role in improving the health of the communities we serve,” Sparrow Health System President and CEO James Dover said in a statement.

UM President Santa J. Ono pointed out that an affiliation agreement signed by the two organizations in 2019 for pediatric services paved the way for ongoing collaboration.

Leave a Comment