McLaren signed a letter of intent Dec. 4 to acquire St. Luke’s, which will be its first hospital outside of Michigan.
The 14-hospital health system also plans to upgrade St. Luke’s ICU and surgical suites and build a new cancer center.
The deal is pending approval from both organizations as well as state regulators and is expected to close by mid-2020.
Financial terms of the deal were not disclosed.
More articles on practice management:
RTI Surgical receives FDA clearance for spinal fixation device
OrthoIndy’s Dr. Dean Maar dies during home invasion
NASS, The Spine Journal honor Indian research team for lumbar disc disease paper
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
