Monday, June 23, 2014
Beaumont, Botsford, Oakwood reach definitive agreement to create new, not-for-profit health organization: Beaumont Health
Beaumont Health System, Botsford Health Care and Oakwood Healthcare have reached a definitive agreement to combine their operations into a new $3.8 billion health care organization following approval by their boards today.
The agreement reflects their organizations’ common vision to remain leaders in providing high-quality, high-value, not-for-profit health care and their mission of community service.
The three organizations are creating a new, not-for- profit Michigan health system called Beaumont Health. The Beaumont Health name was chosen to demonstrate the new system’s focus on health and wellness and was based on independent market research showing the regional and national strength of the new name. The name also has historical ties to pioneering Michigan physician and medical researcher, Dr. William Beaumont, whose medical research and innovations are recognized globally.
According to Oakland University William Beaumont School of Medicine Founding Dean Robert Folberg, MD, any development that strengthens Beaumont, will strengthen the School of Medicine.
The new Beaumont Health organization will have eight hospitals with 3,337 beds, 153 outpatient sites, 5,000 physicians, 33,093 employees and 3,500 volunteers.
To read more about Beaumont Health, visit BeaumontHealth.org