Spectrum Health
From Wikipedia, the free encyclopedia
 | |
| Company type | Not-for-profit |
|---|---|
| Industry | Healthcare |
| Founded | Sept. 19, 1997 |
| Defunct | February 1, 2022 |
| Fate | Merged with Beaumont Health to form Corewell Health |
| Headquarters | , US |
Area served | West Michigan |
Key people | Tina Freese-Decker, President & CEO; Julie Fream, Chair. |
| Revenue | $6.9 Billion (2018) |
Number of employees | 39,000 total (2018)[1] |
Spectrum Health System was a not-for-profit, integrated, managed care health care organization based in West Michigan.[2] It bought out Beaumont Health of Metro Detroit in 2022. The merger of the two hospital groups formed what is now known as Corewell Health. Spectrum Health's subsidiaries included hospitals, treatment facilities, urgent care facilities, as well as physician practices that served the western Michigan area.[3] Priority Health was a subsidiary health plan with one million members. Spectrum Health was the largest employer in West Michigan at the time of the merger with 31,000 staff, 4,200 physicians and advanced practice providers, including 1,600 members of the Spectrum Health Medical Group, and 3,200 volunteers.[4]
Merger with Beaumont Health
Spectrum Health was formally incorporated on September 19, 1997, after a high-profile legal battle, combining Butterworth Health System of Grand Rapids and Blodgett Memorial Medical Center of East Grand Rapids,[5] making it the largest health care organization in West Michigan. In August 2000, Richard C. Breon was hired to lead the organization as CEO, and sought to form an integrated health care system.[6]
In 2012, Spectrum Health System was recognized as one of the Top 50 Integrated Health Care Networks in the United States by IMS Health.[7]
In July 2018, Tina Freese-Decker was named CEO to succeed Richard Breon.[8]
In October 2018 Spectrum closed on a merger with Lakeland Health, a health system in southwest Michigan consisting of 3 hospitals, 450 providers, and 4,000 employees. Spectrum Health Lakeland operated as a wholly owned subsidiary of Spectrum Health and had two governing boards.
In June 2021, Spectrum Health announced plans to merge with Beaumont Health.[9] In 2022 Beaumont and Spectrum announced their merger was effective on February 1, 2022, because the federal government determined this would not violate antitrust regulations. The new system was temporarily called BHSH Health, with Spectrum Health CEO Tina Freese Decker as the head and with both existing headquarters operating.[10] Corewell Health, was later made the name of the health system.
