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CLEVELAND – Beaumont Health, based in Michigan, is acquiring Summa Health, Akron's largest employer, as part of an agreement that will allow growth and expansion in both Michigan and the United States. Ohio, according to a press release issued by both organizations.
Summa Health, with a turnover of $ 1.4 billion, and Beaumont Health, with a total annual business turnover of $ 4.7 billion, will be brought together in Beaumont Health.
In the letter of intent, it is revealed that both organizations will continue to invest in local health care by developing their programs and services.
Other revelations to note:
· SummaCare, Summa's insurance product, will expand into new markets in Ohio. Summa's expertise in risk-based health insurance contracts could also benefit Michigan employers.
· Both organizations could develop medical education and training and work opportunities for students.
"Beaumont Health and Summa Health are already strong and successful leaders in the healthcare field. By welcoming Summa into the Beaumont family, the two organizations will share their expertise, invest in each other and continue to prosper as the industry evolves, "said John Fox. , CEO of Beaumont Health, in a press release.
Fox said Beaumont will expand in Ohio this year, and the organization will launch 30 new emergency care centers.
Dr. Cliff Deveny, CEO of Summa Health, said the partnership allows doctors and staff to provide quality care to residents of northeastern Ohio.
"Before making this decision, we announced that we were looking for a partner in September 2018 and received responses from several Michigan health systems, as well as several others in Ohio and in other states. ", did he declare. "Beaumont understands and supports our commitment to the communities we serve and will invest in our future growth in Ohio."
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