Metro Health Announces Plans to Add Partner
Posted: October 17, 2012
Citing opportunities in the health care industry as a result of rapidly changing conditions, Metro Health announced that it is launching an active search for a strategic partner that will allow the health system to continue and accelerate its growth. The partner would promote access and support for the brand, along with providing additional financial resources and opportunities for clinical collaborations.
“Make no mistake, Metro is not for sale,” said Mike Faas, president and CEO of Metro Health. “We’re committed to seeking a strategic partner that allows Metro to largely maintain its autonomy and independence.”
The changing health care landscape, accelerated by the federal government’s Affordable Care Act, has presented numerous opportunities for growth for Metro Health. Additional capital will assist Metro Health in seizing these opportunities.
“We’re committed to making the next step in our quest for continuous advancement in health care in West Michigan,” said Faas. “This partner will complement our work, allowing us to seize opportunities that are presenting themselves at a rapid rate.”
“Our cash position is the best it’s been in years and our partnership with other health care institutions have proven to be beneficial endeavors,” said Doyle Hayes, Metro Health Corp’s Chairman. “This is the next step in our work.”
The search for a strategic partner continues a culture of partnership by Metro Health. In 2008, Metro Health partnered with the University of Michigan Health System’s Department of Radiation Oncology to open a cancer center on Metro Health’s Wyoming campus. Two years later, Metro Health partnered with the University of Michigan Health System and Trinity Health-West Michigan to form the Pennant Health Alliance, a partnership that promotes sharing of best practices and backroom services, among other things.