St. Joseph Mercy Health System and Chelsea Community Hospital last week signed a letter of intent to spend the next few months exploring an acquisition of Chelsea by St. Joseph’s.

St. Joseph is a member of Novi, Mich.-based Trinity Health, the fourth-largest Catholic health care system in the U.S. Chelsea Hospital, which has 113 beds and 300 doctors, is located west of Ann Arbor in the town of Chelsea and is one of the area’s last independent hospitals.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.