Longtime rivals Munson Healthcare of Traverse City and Petoskey's Northern Regional Health System could consolidate duplicate services, facilities and administrative operations when the ongoing merger talks with Spectrum Health reach fruition.
Here's an excerpt:
A proposed merger between Munson Healthcare and Spectrum Health of Grand Rapids may bring the Traverse City hospital into the same system as its oldest rival.
Northern Michigan Regional Health System in Petoskey began affiliation talks with Spectrum over two years ago and it's likely they'll eventually merge, a board member said. Now each organization must weigh the impact of the other's decision to determine how a new northern Michigan division of Spectrum would govern both systems.
"Those two hospitals have been traditionally competitors so there is some element of duplication, and if the mergers come to pass, there will be some form of consolidation," said Michael La Penna of Grand Rapids, whose firm provides strategic and financial consulting to the health care industry. "It's just a matter of common sense that would occur."
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