Central Michigan Community Hospital Joins McLaren Health Care
Officials at Flint-based McLaren Health Care said it has acquired Central Michigan Community Hospital in Mount Pleasant.
Financial details were not immediately disclosed.
This move by McLaren comes on the heels of two other hospital acquisitions and additional expansions within the past four years.
"The agreement with Central Michigan Community Hospital expands our health care footprint into a new region," said Philip A. Incarnati, president and CEO of McLaren Health Care. "Despite the difficult economic conditions in the state, we've been able to attain yet another piece in the pattern of our overall growth strategy and further our mission to be Michigan's best value in healthcare, as defined by quality outcomes and cost."
McLaren Health Care acquired what is now Mount Clemens Regional Medical Center in 2006 and Pontiac Osteopathic Hospital (now POH Regional Medical Center) in 2007. McLaren Health Care Village at Clarkston was also launched in 2007 with Phase I opening in 2009. Additionally, McLaren recently began construction of a $60 million proton beam therapy center in Flint.
McLaren Health Care has been ranked as one of the top 25 integrated health care systems in the United States for the past 10 years. With an A1 rating from Moody's Investor Services and AA from Fitch Ratings, McLaren Health Care has sustained a compounded annual revenue growth rate of 20% per year for 20 years.
"This is a tremendous day for our hospital and our community," said Bill Lawrence, CMCH president and CEO. "In the midst of one of our strongest years ever, we are joining with McLaren Health Care, a nationally recognized leader."
With headquarters in Flint, McLaren Health Care has been recognized as one of the top Integrated Health Networks in the nation. McLaren is one of the largest health care providers in the state with a system that reaches nearly 35 percent of Michigan residents through more than 150 locations, 15,000 employees and 10,000 network physicians. McLaren Health Care had revenues totaling more than $3.9 billion in 2009 and has experienced double-digit growth each year since 1989.
The nonprofit system includes eight regional hospitals: Bay Regional Medical Center and Bay Special Care Hospital in Bay City; Ingham Regional Medical Center and Ingham Regional Orthopedic Hospital in Lansing; Lapeer Regional Medical Center in Lapeer; McLaren Regional Medical Center in Flint; Mount Clemens Regional Medical Center in Mt. Clemens; POH Regional Medical Center in Pontiac; and partial ownership and overall management of a ninth hospital, Doctors' Hospital of Michigan in Pontiac. McLaren also operates McLaren Medical Group, an employed physician network; McLaren Homecare Group, an award-winning home health, hospice and medical supplies provider; McLaren Health Plan, a licensed HMO offering benefit plans for commercial businesses and Medicaid recipients; and Great Lakes Cancer Institute, the largest cancer care network of its kind in the state. Visit mclaren.org.
CMCH is a 118-bed non-profit acute care hospital. More at http://cmch.org.
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