The 12 hospitals in the Ascension Michigan system include the St. The hospital currently employs the equivalent of 1,247 full-time workers. "The financial and operating strength of the health system will dramatically improve the financial and operating foundation of Crittenton and continue its upward trend of financial stability," Crittenton CEO Roy Powell said in a released statement.Ī Crittenton spokesman said no layoffs are planned in relation to the deal. Past coverage: Layoff notices distributed to Crittenton Hospital workers But its financial position had stabilized by early 2014 following new management, layoffs and other expense-saving moves. "As everybody else gets bigger, it becomes more and more of a challenge to try to sustain yourself and not be made irrelevant in a sense."Ĭrittenton hospital suffered operating losses for the past four years, according to a report last July by Moody's Investors Service. "This has been a trend that's been in the market for at least 10 years now, certainly in the Detroit area but also around the country," said consultant Allan Baumgarten, publisher of the Michigan Health Market Review. Other formerly independent hospitals in the region have been absorbed into larger systems within the past year, including Garden City Hospital (now a part of for-profit Prime Healthcare Services) and Mercy Memorial Hospital in Monroe (now part of the nonprofit ProMedica Health System). The 290-bed Crittenton is one of the last independent hospitals in southeast Michigan and, amid financial struggles, has been seeking to join a larger health system in recent years. The deal could be finalized after a six-month due-diligence period, a news release said. John Providence Health System in metro Detroit.Īscension says it plans to keep Crittenton open. ![]() Louis-based Ascension Health.Ĭrittenton announced Tuesday that it has a tentative deal to join the nonprofit Catholic system, which operates in the state as Ascension Health Michigan and owns the St. One of the area's last independent hospitals, Crittenton Hospital in Rochester, could soon be sold to St.
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