WARREN, Mich.-Detroit-Macomb Hospital Corp. has agreed to affiliate with St. John Health System, Detroit. Detroit-Macomb owns 230-bed Detroit Riverview Hospital and 376-bed Macomb Hospital Center in Warren and has 24 provider locations in Macomb, Oakland and Wayne counties. The affiliation is expected to be finalized by late November. Terms have not been finalized, but the parties intend to file a notice with federal antitrust enforcement agencies, said Anthony Tersigni, St. John's president and chief executive officer. St. John, which includes six hospitals, also is negotiating an agreement with 170-bed Saratoga Community Hospital in Detroit. St. John is trying to build a system capable of serving 1 million people in the four-county Detroit area, Tersigni said.
CHICAGO-The U.S. Department of Housing and Urban Development will insure $98 million in bonds for Chicago-based Sinai Health System. The system plans to build and renovate more than 80,000 square feet at two inner-city facilities, Mount Sinai Hospital Medical Center and Schwab Rehabilitation Hospital and Care Network. HUD is insuring the bonds under the Hospital Mortgage Insurance Program, which is meant to assist urgently needed hospitals. The program has insured 100 projects in 19 states, primarily on the East Coast, and in Puerto Rico. Sinai Health System is one of few participants in the Midwest, executives said. The bonds will be issued by the Illinois Health Facilities Authority and underwritten by Goldman, Sachs & Co., New York.