As part of the partnership, the university will invest $800 million into the expansion of Sparrow’s ASC and neonatal care unit.
With the partnership, the health organization will be valued at $7 billion, according to the report. The Sparrow board approved the partnership at its Nov. 28 meeting, while the university board approved on Dec. 8.
The agreement is expected to be complete in the first half of 2023.
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.
