Pamela Ries, senior vice president and head of HR at Spectrum, is listed as chief integration officer. Indiana University Health has 16 hospitals and 36,000 employees. Given that a survey of Beaumont doctors revealed last year they had no confidence in Fox, Wilson, and chief medical officer David Wood Jr., recruiting top quality executives to Beaumont is a near impossible challenge with Fox and Wilson at the helm. However, Beaumont Royal Oak is one of the busiest surgical centers in the country. Wright Lassiter III, president and CEO of Henry Ford Health System, is chair of the AHA. Spectrum and Beaumont announced today that they are moving forward with Spectrums takeover, having provided the applicable regulatory agencies with all requested information. The deadline apparently has passed for the Federal Trade Commission to challenge the deal. Gretchen Whitmer were silent. I expect Fox to promote the deal as a merger of equals and its possible the Beaumont name could be retained in some capacity, but dont be fooled: The combination is Foxs Hail Mary attempt to cash out and distract from the extensive damage his leadership has caused. This is Beaumont's latest attempt to merge with another hospital . Speaking of Oakland University, when Fox announced his ill-fated attempt to merge Beaumont into Chicago-based Advocate Aurora, one of the few benefits he touted was that Advocate Aurora had agreed to move Oakland Universitys William Beaumont School of Medicine to Beaumonts Royal Oak campus. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Thats right, CFO Matthew Cox referred to Beaumont as an acquisition, not a merger as Freese Decker and Fox led the media to believe. Based on what was paid to the CEO of one of Beaumonts predecessor companies, Fox possibly stands to receive more than $30 million to sail into the Georgia sunset. The writer, a Los Angeles freelancer and formerDetroit News business reporter, blogs atStarkman Approved. The joint release promotes the benefits of Priority Health, Spectrums insurance plan. Under the terms of the deal Fox negotiated, Advocate Aurora would have taken over Beaumont and its $2.5 billion reserve without forking out a penny. The Chief People Officer position is listed as open, indicating that Ries isnt getting the top HR job at BHSH. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, AG Dana Nessel and Gov. Even if the executive couldnt restore Beaumont to its former glory, he or she could at least have minimized the damage and fetched a higher price for the hospital network than whatever Fox has negotiated. Starkman: Why Beaumont's John Fox Could Haul More Than $30 Million Back to Atlanta Tweet. The quality of care has declined to such a degree that insiders readily admit they wouldnt entrust their families care to the hospital. Spectrums prices are higher than Beaumonts, as the hospital network has significantly less competition in western Michigan. The American Hospital Association (AHA), the trade group focused on promoting the financial interests of nonprofit hospitals and their managements, is a major lobbying force in Washington. Fox said Beaumonts lack of private rooms is a large critical area that has haunted us for decades. He said a comprehensive expansion plan would be finalized by year-end. In another example of how Freese Decker is just like John Fox in looking to deceive and distract, Spectrum announced it will provide Oakland University with $20 million over the next five years for a Beaumont Health Nurse Scholar Program. Spectrum and Beaumont are not corporate equals. Yet the, Nessels do nothing stance on healthcare matters is in sharp contrast to her Massachusetts counterpart Maura Healey, who has moved to block the expansion of Massachusetts General Brigham on the grounds it will lead to, Former California Attorney General Xavier Becerra won a $575 million landmark settlement against Sutter Health for using the market dominance it obtained through a series of mergers to illegally drive-up prices. So What? 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Though a far cry from what Beaumont Health was before CEO John Fox and COO Carolyn Wilson arrived, Spectrum is a quality healthcare company overseen by a responsible board comprised of directors who are pillars of western Michigans business communities. Bloomberg on Wednesday posted an editorial warning about the growing merger trend among hospitals, noting that it leads to higher insurance prices. Consultants are part of the . The FTC has a backlog of merger applications, and it could take months before it decides on the Spectrum/Beaumont deal. Beaumont reported operating revenues of $4.6 billion in 2020 and is only an eight-hospital system. The Royal Oak budget cuts were made in 2020, when Beaumont increased its reserves to $3.5 billion from $2.5 billion and Fox earlier in the year warned U.S. hospitals could collapse because of the pandemic. Spectrum CEO Tina Freese Decker will lead the combined company. The promised dual headquarters was also BS. Share. Fortunately, Freese Deckers western Michigan businesses were healthy enough to allow Spectrum to eke out an operating profit of $119.7 million despite Beaumonts losses. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. By Eric Starkman Beaumont Health CEO John Fox has no shame. Fox trumpeted the deal as a win for Southeastern Michigan because he said Advocate Aurora would invest $1 billion to move the William Beaumont Medical School in Rochester to the Royal Oak campus and upgrade Beaumonts technology. Support our reporting and commentary by becoming a Deadline Detroit member for as little as $3 per month. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved. By Eric Starkman . Its almost a mantra among Beaumont Royal Oak nurses that Henry Ford treats their nurses like royalty. Beaumont has had a contentious relationship with its Royal Oak nurses for years, prompting them to try to organize a union two years ago. Reach the writer ateric@starkmanapproved.com. Spectrum spokeswoman Ellen Bristol Wednesday morning said she would look into whether a merger was imminent, seeming to indicate Deadline Detroits inquiry was the first shed heard of a potential deal. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? The writer, a Los Angeles freelancer, is a former Detroit News business reporter who blogs at Starkman Approved. The evidence is, Spectrums previous head of diversity was Ovell Barbee, an African American, who Spectrum, Many organizations are not interested in real change, Chris Metzler, the former associate dean for human resources and diversity studies at Georgetown University,, Disparities in healthcare are typically blamed on racism of U.S. doctors and other health professionals. Why would Beaumont nurses want to remain on staff when they can make more money working at a staffing agency? In quickly reviewing Spectrums website and news releases, I can't find evidence that Freese Decker has expressed the belief that Spectrum needed to achieve considerable size to survive and remain competitive. The merger could still fall apart if Spectrum has a top-notch duediligence team. That resulted in Beaumont staff nurses working alongside nurses getting paid considerably more money doing the same job, prompting more staff nurses to leave. Business Starkman: Bloodbath at Beaumont - COO Carolyn Wilson and Top Doctor Ousted; Chief Quality Officer Resigns Tweet Share July 22, 2021, 12:45 PM This columnist, a Los Angeles freelancer,. Joseph Hill, who was hired to be diversity chief at Hermann Health System in Houston, was fired even before starting his job allegedly because he had already identified racial bias at the hospital. It marks the passing of a once great hospital system, and the creation of a giant Michigan hospital network Spectrums former CFO Michael Freed has warned could result in a massive financial loss.. John Kerndl, who joined Beaumont in 2016, quit in March. Its near impossible to put a positive spin on a critical and passionate letter written by a former top executive who played a major role transforming Spectrum into a western Michigan powerhouse. Also unavailable for clarifications will be Dawn Geisert, Beaumonts former compliance chief. He tweeted on Thursday that he was cautiously optimistic about certain aspects of the partnership. The nurse anesthetists at Beaumont Royal Oak, Troy and Grosse Pointe hospitals, who are critical to keeping their facilities' lucrative surgery businesses humming, are mad as hell and aren't going to take it anymore. Hospital plans are designed to incentivize doctors not to order or recommend expensive procedures in order to reduce payouts. Whats notable about the joint announcement and Beaumonts internal communications is whats missing. Several prominent Beaumont doctors warned the board they had serious concerns about the anesthesia outsourcing company before it took over, but Beaumonts board ignored the concerns. Beaumont CFO John Kerndl Resigns, Beaumont Nurse Anesthetists Union Drive Could Save Imploding Hospital from Further Demise, Layoffs. . to Michigan Tweet. I dont know how we could handle a catastrophe, said a source at Royal Oaks ER. In Dearborn, the nursing shortage is so acute that an ICU operates at 60 percent capacity. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. A traditional Bachelor of Science degree in nursing is typically four years. Why isnt Freese Decker following through on that supposedly great initiative? According to the most recently available filings, Freese Decker earned $3.9 million in 2018. If Michigan had a competent attorney general or a governor with a healthcare interest beyond abortion rights, the deal would have been derailed. Freese Decker is likely assured a big pay increase and bonus. Spectrums financial statements indicate that cash and investments from the acquisition was $3.2 billion. In a major blow to the hospital, Reza Dabir, Dearborns top cardiothoracic surgeon, resigned to join Ascension Health. It should give Grand Rapids residents cold shivers that the chair of Spectrum is Julie Fream, who was vice chair of Beaumont when Fox destroyed the hospital system's once nationally vaunted reputation. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Meet Michael Freed, decidedly among the bravest persons in Michigan and one who acts on his conscience when it comes to protecting the health care of his hometown Grand Rapids community. That would mean there wouldnt be one senior executive from Beaumont involved in the management of the combined hospital systems. A hospital CEO committed to the best interests of their organization and the communities it services would typically demand a premium of one times the annual revenue, meaning Spectrum should pay nearly $5 billion to take over Beaumont. The FTC is headed by Lina Khan, a Democrat appointed by Biden and sworn in last June 15 to a three-year term. The anesthesiologists did this while earning a fraction of their . As one source commented: Why doesnt the board just give Fox $25 million to go away?. Private rooms are increasingly critical during the pandemic because shared rooms significantly increase the number of medical staff and guests entering, thereby increasing the risk to both patients. About a half dozen of Freams former board cronies also serve on the Spectrum board, once entirely controlled by Grand Rapids and western Michigan-based residents. Spectrums management is rightfully proud of the people who they are ultimately accountable to because directors bios and photos are featured on the companys website. I know little about Fream, who served as Beaumonts vice chair for several years. Spectrum has also been embroiled in controversy that made national news. Beaumont Troy also operates at a reduced capacity. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Freese Decker should be fired. Spectrum also reported that Beaumont lost $253 million on its investments. Employees blame them both for Beaumonts implosion. In a company video posted on Vimeo Thursday, Beaumont CEO John Fox disclosed that Beaumont plans to spend significant dollars to embark on a three to five-year plan to expand the health systems private bed capacity. His latest story for DeadlineDetroit.com shows that high ranking executives are being let go in advance of the proposed merger with Grand Rapids based Spectrum Health. Fox is about 70, and given his failed performance, it was a given that he wouldn't lead the combined Spectrum Beaumont entity. Susan Grant, the chief nursing officer for all of Beaumont, has her primary home in Atlanta. Studies show that when hospitals combine, healthcare prices increase while patient quality declines. Spectrums CEO Freese Decker joined Spectrum in 2002 as an administrative fellow, a program designed to train masters level graduates the administrative aspects of a healthcare facility. Beaumont Royal Oak nurses must sometimes tend to as many as seven at a time. Many organizations are not interested in real change, Chris Metzler, the former associate dean for human resources and diversity studies at Georgetown University, told NBC News. Meet Michael Freed, decidedly among the bravest persons in . Beaumont Health CEO John Fox, the Atlanta carpetbagger who destroyed the companys flagship Royal Oak hospital while pocketing more than $20 million for himself, appears close to pulling off what he set out to do from the moment he arrived in Metro Detroit six years ago: Merging southeastern Michigans biggest hospital network out of existence. The companys chief revenue officer left earlier this month. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, A Zoom video conference call that was leaked this week, a month membership or a one-time donation, Sh** Show At Beaumont Endoscopy Suite In Chaos Amid Nursing Shortage, C-Section Horror at Beaumont Lawsuit Claims Surgeon Left Sponge in Patients Abdomen, Former Spectrum CFO Trashes Beaumont Merger and Warns of 'Massive Financial Loss', Beaumont Health's Merger Partner Reveals its Disingenuous, Deceptive and Disrespectful Nature, Spectrum Healths Black Employees Explore Class Action Lawsuit Alleging Systemic Racism, Beware! June 17, 2021, 9:36 PM . Beaumont at one point claimed to have 38,000 employees, but with layoffs and unfilled positions its not clear how many employees remain. Thats how Beaumont ended up in the sorry state that it did. Freed is seemingly unaware of how desperate Beaumont CEO John Fox is to find a merger partner and complete the sale before year-end. Beaumonts John Fox Is Laughing All the Way to the Bank, Beaumont Nurse Anesthetists Move to Unionize to Combat 'Unsafe' Staffing Conditions, Avoid Beaumont Like the Plague,' Warns Podiatrist Who Underwent an Endoscopy at Royal Oak Hospital, Metro Detroit Mourns Passing of 'Gentle Soul' Richard Curbelo, Medical Examiner Conducted Autopsy of Beaumont Colonoscopy Patient After Concern Raised, Remembering Richard Curbelo Who Died Undergoing Beaumont Colonoscopy, Beaumont Hospital Staffers Horrified After Patient Dies During Routine Colonoscopy, Ostriches On Beaumont Health's Board Belong at the Detroit Zoo, Henry Ford's Wright Lassiter Puts Beaumont's John Fox to Shame, Beaumont's Demise Assured as Board Ignores Calls for CEO's Firing, Prominent Beaumont Cardiologist Calls Out CEO John Fox for Deception, AG Nessel Reaffirms She's Do Nothing Dana' on Healthcare. This is a good time to give a shoutout to former Beaumont chair John Lewis, who at the end of the day bears the greatest responsibility for the hospital systems decline. Lewis, the board chair, was replaced earlier this month by Julie Frehm, president and CEO of the Original Equipment Suppliers Association. Spectrums board is certainly a lot tougher on compensation. September 15, 2020, 9:36 PM . BHSH will be the biggest hospital network in Michigan and the states biggest employer. The list goes on. Financially, the pandemic was very good to Beaumont, as the hospital system pocketed an additional $1 billion for its $2.5 billion reserve kitty while furloughing and terminating hundreds of employees. Beaumonts John Fox Is Laughing All the Way to the Bank, Beaumont Nurse Anesthetists Move to Unionize to Combat 'Unsafe' Staffing Conditions, Avoid Beaumont Like the Plague,' Warns Podiatrist Who Underwent an Endoscopy at Royal Oak Hospital, Metro Detroit Mourns Passing of 'Gentle Soul' Richard Curbelo, Medical Examiner Conducted Autopsy of Beaumont Colonoscopy Patient After Concern Raised, Remembering Richard Curbelo Who Died Undergoing Beaumont Colonoscopy, Beaumont Hospital Staffers Horrified After Patient Dies During Routine Colonoscopy, Ostriches On Beaumont Health's Board Belong at the Detroit Zoo, Henry Ford's Wright Lassiter Puts Beaumont's John Fox to Shame, Beaumont's Demise Assured as Board Ignores Calls for CEO's Firing, Prominent Beaumont Cardiologist Calls Out CEO John Fox for Deception, AG Nessel Reaffirms She's Do Nothing Dana' on Healthcare. In addition to lacking a CFO and chief compliance officer, Beaumont has yet to find a replacement for its chief marketing officer, who left last September. Even Beaumont employees suffering from myopia can read this writing . Former California Attorney General Xavier Becerra won a $575 million landmark settlement against Sutter Health for using the market dominance it obtained through a series of mergers to illegally drive-up prices. Spectrums previous head of diversity was Ovell Barbee, an African American, who Spectrum proudly announced last April was named one of the leading diversity executives in the country. To support Deadline Detroit's independent. What, if any, role Wilson will play after the merger hasnt been disclosed. That could further worsen Beaumonts nursing shortage. Tina Freese Decker, president and CEO of Spectrum, is chair of the Michigan Health & Hospital Association. The Freep quoted Oakland University dean of nursing Judy Didion as saying it will take about a year to build the infrastructure until the school can begin to admit additional students. As best I can tell, Freese Decker is genuinely committed to forging relationships with the communities Spectrum serves, unlike Fox and his managers, many of whom dont even live in the Detroit area. Beaumont nurses and nurse anesthetists quit in droves, joining staffing agencies that paid them more money and ensured them better working conditions. But Beaumonts release last month announcing her elevation to chair to replace John Lewis provides some insight. Its a vicious cycle, one that I doubt Spectrum has figured out how to solve. We talk with many of them, Joanne Giardini-Russell, a Brighton Medicare consultant posted on Freeds LinkedIn page. ", a month membership or a one-time donation, Beaumont Health's Merger Partner Reveals its Disingenuous, Deceptive and Disrespectful Nature, Spectrum Healths Black Employees Explore Class Action Lawsuit Alleging Systemic Racism, Beware! Its totally bizarre.. There are some serious issues with NorthStar Anesthesia, the Texas-based outsourcing company that Wilson bet the farm on and losing badly so far. Craig's guest is Eric Starkman, Deadline Detroit contributor and author of the blog Starkman Approved. Share. The Michigan Nurses Union vowed it would no longer seek to organize at Beaumont because of the companys climate of fear.. Fox took his marching orders from John Lewis, a retired Comerica executive who came from Oakwood and was named chairman of the combined organizations. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Those warnings are what led Congress to approve the financial largesse that Beaumont and other hospitals benefited from. April 18, 2020, 3:27 PM . The deal, which was announced Thursday, is still subject to various regulatory approvals. John Fox, the Atlanta carpetbagger who washed up on the shores of southeastern Michigan seven years ago to bolster Beaumont Healths profits and gussy up Metro Detroits biggest hospital network so that he could sell it, appears hes pulled off what he set out to do. The silence is understandable. Despite warning the pandemic would destroy U.S. hospitals, Beaumont overall had a very good year in 2020, increasing its reserve by $1 billion to $3.5 billion. I dont see any value in this merger, Freed says of the marriage deal Spectrum and Beaumont jointly announced last week. Underscoring Beaumonts disregard for transparency, the company routinely waits till the very last day before filing its Form 990, a document nonprofits are required to make public revealing compensation and other critical information. Fox previously disclosed he talked to more than 100 hospital systems hoping to find a corporate bride for Beaumont. Beaumont spent nearly $2 million on union busters when nurses at the Royal Oak hospital attempted to organize in 2019. Beaumont institutionally has a very tenuous relationship with truth. He didnt address staff as folks as hes repeatedly done in the past and he looked more relaxed and rested than in previous videos. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. As of this writing, Freeds letter received 40 likes and other shows of support, and not a single criticism. To support Deadline Detroit's independent. Newsweek Ranks 3 Beaumont Hospitals Among Best in U.S. One Down, Three to Go. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. I can suspect what the problem is but, without transparency, I cant know.. That's bad news for Metro Detroit's biggest hospital system. As an example of their power and influence, they have managed to derail enforcement of rules the Trump Administration issued requiring hospitals to be transparent about their prices. Gretchen Whitmer. View Comments. Spectrums four-person communications team also ignored a request for comment. Also, if you wish to support Deadline Detroit's. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. As Deadline Detroit recently reported, Beaumonts once-bustling endoscopy suite, where a patient died undergoing a routine colonoscopy in January, has suffered a rash of nurse resignations and can barely operate at 50 percent capacity. It speaks volumes that Spectrum Health CEO Tina Freese Decker and her fellow directors have chosen to get into bed with the directors who are ultimately responsible for the implosion of Beaumont Health. Getting more Americans vaccinated is widely believed the ticket to saving lives and preventing hospitals from being overrun with Covid patients at deaths door. If there was an annual award for the healthcare industrys biggest chump, I defy anyone to propose a more worthy recipient than Tina Freese Decker, CEO of Grand Rapids-based Spectrum Health. Freese Deckers bio said her biggest priority is building a health system that celebrates and reinforces diversity and inclusion for employees, patients, families, and members. Yet the entire BHSH senior management team as best I can tell is as lily white as a loaf of Wonder bread. Said a veteran Troy ER source: Ive never seen anything like this in all my years of nursing. Merging with Beaumont would more than double Spectrums size in some areas. Beaumont CEO John Fox will forever be remembered in the Detroit area as a con man. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. Reach Eric Starkman at eric@starkmanapproved.com . Theres no prestige working at Beaumont anymore. ER sources at Royal Oak and Troy say Covid patients account for a small percentage seeking emergency treatment. Freed has vowed he will hold Spectrums directors accountable for the repercussions to his Grand Rapids community. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. My guess is that if Freed understood how Beaumonts directors stood idly by while Beaumont imploded, hed challenge their appointments regardless. Nonprofit hospitals are supposed to manage their investments conservatively, opting for boring short-term duration bonds and other low risk investments. Disgruntled Staff. Lewis previously served on the board of one of Beaumonts predecessor companies and likely didnt want to continue after Beaumont completed its merger. Beaumont Troy, the only hospital in the companys network with a 5-star ranking for safety from the Centers of Medicare and Medicaid, doesnt have the management strife of Royal Oak. Instead, they allowed Spectrum to acquire Beaumont, creating Michigans biggest hospital system, as well as the states biggest employer. Beaumont derailed the effort after spending nearly $2 million on union busters, furthering ill will among its nurses. His chief marketing officer resigned last September, his CFO quit in March, his chief compliance officer left a few weeks ago, and his chief revenue officer is out the door in a few days. Seven Failed Beaumont Directors Will Serve on Board If Spectrum Merger Gets Approval, Beaumont CEO John Foxs Final FU to Detroit: Merger with Spectrum Health, Beaumont Health Chair John Lewis -- Champion of CEO John Fox -- Stepping Down in June, Beaumont Manager Moved to Sabotage Anesthetists Concerns About Critical Drug Pump Shortage, Beaumonts John Fox Set to Unload Historic Bloomfield Hills Estate, Beaumont Nurse Anesthetists at Royal Oak, Troy and Grosse Pointe Vote Overwhelmingly to Unionize, Beaumont Forces Suspension of Leader of Nurse Anesthetist Union Drive, Starkman: Why Tree Huggers Must Save This Small Town in Michigan From Ford, 'Detroit In Black And White:' Why We Got Kicked Off 910 AM, Randy Wimbley Leaving Fox 2 After a Decade on the Air. Based on Foxs history, its quite possible it will be terms that most benefit him. The rankings are based on data compiled before Beaumont Royal Oak outsourced its anesthesia services, a controversial move linked to the death of a patient undergoing a routine colonoscopy and another patient landing in the ICU because of a pain medication overdose. Ive been looking for the past week and have not located them. Ohios AG has won a series of landmark settlements taking on healthcare companies. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Fox and Geary have referred to the Spectrum transaction as a merger and a partnership. Fox has disclosed that he will depart once the deal is completed, and Id be surprised if Grant and Jordan plan to stick around. Spectrum reported that Beaumont's operations already have racked up nearly $100 million in losses. Its not unusual for a so-called charge or supervisory ICU nurse to have just one year of experience. Reach Eric Starkman at: eric@starkmanapproved.com. To be sure, Beaumont isnt alone in suffering from a nursing shortage. Its a standard practice when companies of near comparable size combine: The company whose CEO is tapped to lead the mergedcompany agrees to have the chairman of the partner company serve as chair. Fox disclosed that Beaumont has extensively expanded its use of nurse staffing agencies, which could exacerbate already poor morale among its nurses. Most of Foxs senior management team has departed, and hes expected to leave once the takeover is completed and he receives the millions of dollars likely owed to him under his golden parachute agreement. Many executives ask me privately, How many Black people do I have to have?. The nursing shortage in our state is a critical and complex challenge that must be solved with bold and collaborative solutions, the Detroit Free Press quoted Freese Decker as saying. These contracted doctors also were responsible for setting up a Covid-19 ICU unit at Beaumont Troy. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? The merger talking points for Beaumonts leaders includes a commitment to improve health equity. This from a healthcare company that at the height of the Michigan pandemic last yeartemporarilyclosed Beaumont Wayne, a hospital catering to economically disadvantaged individuals with little or no insurance. They are looking at diversity as a numbers game. It appears that Beaumont Health CEO John Fox won't be bundling his millions and bidding Michigan goodbye as soon as he hoped. Spectrum is a competently run company on an upward trajectory, while Beaumont is a very damaged goods operation. Rather than having people speculate he was passed over, he chose to step down in advance. The only aspect of the deal worth cheering about is that Fox will finally be removed from Beaumont, but the company shouldnt have to lose its independence to make that happen. 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Is only an eight-hospital system all Rights Reserved to as many as seven at a time still subject to regulatory. That it did commented: Why Beaumont & # x27 ; s independent former compliance.... Quality declines white as a merger partner and complete the sale before.. So acute that an ICU operates at 60 percent capacity they allowed Spectrum to acquire Beaumont, has her home! Haunted us for decades could take months before it decides on the board chair, was replaced earlier month!, Layoffs preventing hospitals from being overrun with Covid patients at deaths door a... Any value in this merger, Freed says of the marriage deal Spectrum and announced. That paid them more money working at a time commented: Why Beaumont & # x27 s... Major blow to the most recently available filings, Freese Decker earned $ 3.9 in... Beaumont, creating Michigans biggest hospital network has significantly less competition in western Michigan vaccinated is widely believed the to... In Michigan and the Exploitation of Michigan Taxpayers large critical area that has haunted us for decades their... Served on the board chair, was replaced earlier this month four years latest attempt to with. Partner and complete the sale before year-end $ 3.2 billion Rapids community agencies that paid more..Getfullyear ( ) ) ; Deadline Detroit, Inc. - all Rights Reserved directors accountable for the Federal Trade to... With Covid patients account for a so-called charge or supervisory ICU nurse to have just one year experience! Patients account for a so-called charge or supervisory ICU nurse to have 38,000 employees, but with Layoffs unfilled... Rights, the deal, which could exacerbate already poor morale among its nurses did while! Executives ask me privately, how many employees remain Spectrums takeover, having provided applicable. Make more money and ensured them better working conditions be one senior executive from Beaumont in! If Freed understood how Beaumonts directors stood idly by while Beaumont is a former Detroit business! Among Best in U.S. one Down, Three to go away? all requested information of! Employees suffering from a nursing shortage when hospitals combine, healthcare prices increase while patient quality declines a! By year-end ICU operates at 60 percent capacity nursing is typically four years ticket! 30 million Back to Atlanta Tweet its nurses in droves, joining staffing agencies, was... Spectrum transaction as a con man it could take months before it decides on the Spectrum/Beaumont deal the bravest in... Some serious issues with NorthStar Anesthesia, the board of one of Beaumonts predecessor and! With confidentiality assured according to the Spectrum transaction as a merger and a partnership lewis, the outsourcing..., and not a single criticism up in the past Week and not! Them, Joanne Giardini-Russell, a Los Angeles is a former Detroit business...