The University of Michigan Health System and four-hospital MidMichigan Health are working on a partnership that's expected to be finalized within four months, according to a news release.
The deal would give Ann Arbor, Mich.-based UMHS at least a 10% stake in MidMichigan, while making UMHS expertise available to MidMichigan physicians and staff. The two parties continue to work on the details of the deal, including the exact size of the stake and the role UMHS would play in MidMichigan's corporate governance, a UMHS spokeswoman added. MidMichigan officials would retain local control at their facilities. MidMichigan is based in Midland.