St. Joseph Mercy Health System, an Ann Arbor, Mich.-based division of Trinity Health, completed its acquisition of Michigan Heart, a physician-owned cardiovascular practice with 33 cardiologists practicing in eight Southeast Michigan locations. Michigan Heart is based at the Michigan Heart & Vascular Institute at St. Joseph Mercy Ann Arbor.
St. Joseph Mercy completes Michigan Heart buy
The deal, first announced Nov. 18, calls for the 326 employees of Michigan Heart to become employees of St. Joseph Mercy. Keith Burmeister, formerly the CEO of Michigan Heart, becomes the vice president of clinical service lines for St. Joseph Mercy and will oversee orthopedic and oncology services as well as cardiology, according to a St. Joseph Mercy news release. Financial terms were not disclosed. Michigan Heart patients "will continue to be cared for at the hospital of their choice," according to the release.
"The transaction fits with our strategy to develop an aligned network of the region’s top primary-care physicians and specialists and positions both organizations to succeed under future healthcare reform measures," Rob Casalou, president and CEO of St. Joseph Mercy Ann Arbor, Livingston and Saline hospitals, said in a Nov. 18 news release.
Last month, St. Joseph Mercy completed its acquisition of IHA, a 156-physician multispecialty group with 32 practices in the Ann Arbor region.
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