Beaumont Health and Akron, Ohio-based Summa Health have “delayed” their merger plans while both hospital systems navigate the coronavirus pandemic and its financial fallout, Beaumont CEO John Fox said Tuesday. In early January, two months before the first cases of COVID-19 were discovered in Michigan and Ohio, Summa Health inked a deal with Southfield, Mich.-based Beaumont to merge and become a subsidiary of Beaumont. “We didn’t plan this, but we are deferring that (merger) until we have a little more clarity about the impact of this crisis,” Fox said Tuesday after Beaumont announced nearly 2,500 temporary layoffs and 450 job cuts.
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Source: https://www.modernhealthcare.com/mergers-acquisitions/beaumonts-merger-summa-health-delayed-coronavirus-pandemic-fallout