Beaumont, Botsford, Oakwood reach deal to create not-for-profit health organization

June 23, 2014 4:10 PM

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Beaumont, Botsford, Oakwood reach deal to create not-for-profit health organization

Beaumont Health System, Botsford Health Care and Oakwood Healthcare announced Monday they had reached a definitive agreement to combine their operations into a new $3.8 billion health care organization following unanimous approval by their boards.

Beaumont Board Chair Stephen Howard, Botsford Trustee Chair Gerson Cooper and Oakwood Board Chairman John Lewis say the agreement reflects their organizations’ common vision to remain leaders in providing high-quality, high-value, not-for-profit health care and their mission of community service.

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