CHICAGO – Citing the need for boldness in the midst of a rapidly transforming health care industry, two of Michigan’s largest health care providers Wednesday announced plans to merge. Beaumont Health System and Henry Ford Health System, both single-A rated providers located in the Detroit area, said they signed an exclusive, 120-day letter of intent to explore a partnership.

They join a growing number of providers across the country – including some of the nation’s largest systems – to announce merger plans. Consolidation is the sector’s fastest-growing trend as providers brace for changes in the new federal health care law and continue to grapple with ongoing economic and fiscal challenges.

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