Sparrow Health System will join University of Michigan Health under a proposed agreement that will expand services to mid-Michigan residents, provide access to the highest level of care and improve facilities and technology.
The University of Michigan board of regents approved moving ahead with the agreement at its Dec. 8 meeting, as did the Sparrow Health System board of directors on Nov. 28. The agreement is expected to be completed in the first half of 2023, pending final regulatory approvals and completion of the closing process.
The university has committed $800 million in investment to Sparrow Health System, which will be funded through facility projects, operations and strategic investments over eight years.
With the addition of Sparrow, the University of Michigan Health will become a $7-billion organization with more than 200 healthcare sites across the state.