Oakwood Healthcare and Henry Ford Health System have agreed to co-manage their hospitals in Trenton, Mich., pending a merger study.
A consolidation of 203-bed Seaway Hospital and Henry Ford's 162-bed Riverside Osteopathic Hospital would leave Trenton with one hospital.
Consultants' studies, including asset valuations, are expected to be completed by October, Oakwood spokesman John Young said.
He said a merged organization would be jointly owned by the systems and would continue Riverside's osteopathic teaching mission as well as the allopathic philosophy.
Riverside hospital Chief Executive Officer Dennis Lemanski, D.O., has been named interim CEO of the facilities.
Oakwood Seaway lost $3 million on net patient revenues of $30.9 million for the year ended Dec. 31, 1998. Riverside had net income of about $1.6 million, including a one-time charge of about $1.1 million, on revenues of $65.4 million for the same period.
Separately, Oakwood said last week it will cut up to 50 full-time-equivalent positions, while Henry Ford will cut up to 250 full-time equivalents.