Beaumont Hospitals acquires Bon Secours

10/1/2007

Beaumont Hospitals and Bon Secours Health System Inc. have reached a final agreement to transfer ownership of Bon Secours Hospital in Grosse Pointe and its affiliated Michigan nursing and assisted living facilities to Beaumont on Oct. 1, 2007.

The agreement followed the dissolution of a joint venture between BSHSI and Henry Ford Health System that created Bon Secours Cottage Health Services. With the end of the joint venture, BSHSI transferred ownership of Cottage Hospital to Henry Ford Health.

The transfer of Bon Secours properties from BSHSI to Beaumont takes effect immediately. Terms of the agreement are

confidential. Bon Secours Hospital, a 289-bed hospital, is being renamed Beaumont Hospital, Grosse Pointe.

The Sisters of Bon Secours Nursing Care Center and the Bon Secours Place assisted living facility in St. Clair Shores will become ShorePointe Nursing Center and ShorePointe Village. The nursing center and assisted living facility will be operated under a joint venture subsidiary of Beaumont and its nursing home partner, Premier Health Care Management.

Bon Secours Cottage employees are maintaining their employment with their respective new owners.

"Bon Secours Health System is pleased with its choice of two outstanding local health systems to ensure patient care in Grosse Pointe continues. At the completion of our due diligence process, we are confident that as Beaumont Hospitals secures Bon Secours and Cottage Hospital returns to sole ownership by Henry Ford Health System, the mission and values of Bon Secours will continue," says Richard J. Statuto, president and CEO of Bon Secours Health System.

"We know what Bon Secours means to the residents of the Grosse Pointe community," says Beaumont President and CEO Kenneth Matzick. "As we put a new name on the door, we do so with the utmost respect for the Sisters of Bon Secours and with a promise to continue to serve the community with the kindness and compassion they have come to expect."

Jeffrey Collins, former CEO of Bon Secours-Cottage Health System, will serve as Interim Hospital Director of Beaumont, Grosse Pointe.

With the addition of the Grosse Pointe Hospital, Beaumont Hospitals becomes a three-hospital regional health care provider with a total of 1,696 licensed beds, 18,000 employees and 3,000 physicians in Oakland, Macomb and Wayne Counties.

In addition to its hospitals, Beaumont Hospitals is comprised of seven community-based medical centers in Oakland and Macomb Counties (Royal Oak, West Bloomfield, Rochester Hills, Lake Orion, Warren, St. Clair Shores, Macomb Township), five nursing centers, a Research Institute, home care services and hospice.