University of Michigan Health System to buy Sparrow Health

Michigan Medicine, the University of Michigan health system, is expected to announce the purchase of Sparrow Health.

U of M Health and Sparrow are expected to hold a press conference on Friday to formally make the announcement.

The Sparrow Board of Directors approved the deal on November 28, while the U of M Board of Regents approved the deal on December 8.

According to a press release, U of M has committed $800 million in investments to Sparrow over the next eight years.

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