St. Louis-based Ascension has signed a definitive agreement with Crittenton Hospital Medical Center in Rochester, Mich., for the facility to become part of Ascension Michigan.
Here are five things to know about the deal.
1. Under the agreement, Crittenton will bring a strong Northern Oakland County presence to the statewide service area of Ascension Michigan, which includes St. John Providence in southeast Michigan, Borgess Health in Kalamazoo, Genesys in Grand Blanc, St. Mary's of Michigan in Saginaw and Standish, and St. Joseph Health System in Tawas.
2. In becoming part of Ascension Michigan, Crittenton will increase its ability to pursue its goal of creating a clinically integrated system of care that will be positioned to manage population health in partnership with insurers, according to Ascension.
3. Financial terms of the transaction will not be disclosed.
4. In January, the Crittenton board chose to join Ascension Michigan following months of evaluating proposals from various health systems. A letter of intent was signed to proceed with the due diligence process.
5. Commenting on the deal, Crittenton board chairman Robert Lenihan said, "Those we serve will have the perfect combination of a community hospital atmosphere and convenience, supported by access to a large network of specialists, technology, tertiary services and trauma services. This is very positive news for the community we have served for nearly 50 years. Our physicians are already collaborating to plan comprehensive, integrated services and networks of care."
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