U-M Health to acquire Lansing-based Sparrow Health System

University of Michigan Health Acquires Lansing-Based Sparrow Health System, Central Michigan’s Largest Hospital System with Six Campuses in Charlotte, Ionia, St. Johns, Carson City and Lansing, and 500 Primary Care Providers and Specialists .

The deal was approved Thursday by the University of Michigan board of trustees. Sparrow Health System’s board of directors signed the agreement in late November.

Pending regulatory approvals, the acquisition is expected to close in the first half of 2023.

After:Newly merged Beaumont-Spectrum Health System becomes Corewell Health

After:Beaumont-Spectrum merger reaches new milestone with formal integration agreement

UM Health spends $800 million

“This agreement strengthens UM Health’s ability to provide quality health care in communities beyond Southeast Michigan, expanding our mission as a statewide referral site for most seriously ill people,” Paul Brown, chairman of the Board of Regents, said in a statement.

Under the agreement, Ann Arbor-based UM Health will spend $800 million over the next eight years on Sparrow hospital campuses, funding facility projects, operations and other “strategic investments.” “.

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