09/04/2024 | Press release | Distributed by Public on 09/04/2024 12:35
DETROIT - Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on Sept. 30, 2024, and launch their newly combined organization on Oct. 1. The joint venture will bring together Ascension's southeast Michigan and Genesys healthcare facilities and assets with Henry Ford's, enabling the newly combined organization to make a dramatic impact on the health of the communities it serves - improving outcomes, access and experience; prioritizing population health and value-based care, championing equity for all, and partnering to advance innovation, academic medicine and advanced, complex care.
"Words can't express how excited we are to find ourselves at this moment," said Bob Riney, President and CEO, Henry Ford Health. "Since we announced our proposed joint venture last fall, we've been engaged in thoughtful planning across our organizations - all focused on how we plan to come together to build the future of health on behalf of those we serve. It's given us a wonderful opportunity to make deeper commitments to the sacred mission and privilege of healthcare - and we can't wait to make this a reality for the people of Michigan and beyond."
Carol Schmidt, FACHE, Senior Vice President, Ascension, and CEO, Ascension Michigan, will support the first phase of transition and integration, partnering with Riney to ensure the ongoing success of the joint venture's integration efforts.
The combined organization would employ approximately 50,000 team members at more than 550 sites across Michigan. Riney also announced changes to his executive team aligned with the strategic priorities of the expanded organization and effective Oct. 1. Among the changes:
Riney also announced additional appointments of Ascension Michigan executives to Henry Ford Health's senior leadership team:
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