Sparrow Health System

“Sparrow health system, a component unit of the regents of the university of michigan, is the parent organization of an integrated health delivery system serving mid-michigan. The sole member of sparrow health system is um health, which is a wholly owned subsidiary of university of michigan.”

“Um health, which is a wholly owned subsidiary of university of michigan has the right to elect members of the sparrow health system board.”

“Um health, which is a wholly owned subsidiary of university of michigan has the right to elect members of the sparrow health system board. Um health also has the authority to approve decisions of the sparrow health system board when it is deemed necessary.”

“Copies of the fiscal year 6/30/2024 form 990 are reviewed by management. The form 990 copies were provided at the board meeting for all board members to review and comment on prior to filing.”

“1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually 2) all disclosures are received and reviewed by corporate compliance 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transaction level (i.e. If a vote is required on a transaction involving an interested person)”

“The process for determining compensation for the ceo of the organization involved the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the shs board of directors, as well as finalizing the salary package with a written employment contract.”

“The process for determining compensation for the ceo of the organization involved the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the shs board of directors, as well as finalizing the salary package with a written employment contract.”

“The organization's audited financial statements are on several internet websites, including the emma, msrb, and mha websites, as well as available upon request. The governing documents and conflict of interest policy are available upon request.”

“All lines left blank are not applicable to the organization. On april 1, 2023, sparrow health system, the regents of the university of michigan, and um health consummated their affiliation. As a result of the transaction um health corp became the sole corporate member of sparrow health system. Due to affiliation, the organization changed its year end to a fiscal year ending 6/30. The prior year financial information reported throughout the form 990 and supporting schedules is based on a 6-month short period return for 6/30/2023. Part iv, question 4 - the organization does not engage in direct lobbying activities. The organization does have memberships in various trade associations that use a portion of the dues paid to the trade associations for lobbying activities on behalf of the applicable trade association industries, thus indirectly benefiting the organization. The percentage of dues allocated to this industry-wide lobbying activity is minor and is not considered by the organization as lobbying activities required for disclosure on schedule c, part ii.”

“Sparrow health system (shs), part of university of michigan health, is a fully integrated healthcare system headquartered in lansing, mich. Serving a core eight-county region in mid-michigan. Shs includes six hospitals encompassing 845 licensed hospital beds, 36 hospice beds, more than 150 ambulatory/outpatient locations, hundreds of employed physicians, a health plan, and a post-acute care network consisting of outreach laboratory, homecare, hospice, pharmacy, and dme services. Shs also owns and operates the michigan athletic club, the largest hospital-owned fitness club in the united states. Shs is a michigan non stock, non profit tax-exempt corporation, and is the parent corporation of the following tax-exempt, 501(c)(3) entities: edward w. Sparrow hospital, sparrow carson hospital, sparrow clinton hospital, sparrow eaton hospital, sparrow ionia hospital, sparrow specialty hospital, sparrow community care, and sparrow foundation. Sparrow foundation serves as the fundraising arm of shs. Each of these entities file their own 990 return. Lastly, shs is the parent corporation of sparrow development, inc. (sdi), a michigan stock, for-profit corporation. Sdi includes, as mentioned above, the michigan athletic club (mac), as well as the mac restaurant, and st. Lawrence or management company, llc. Um health is the sole member of sparrow and holds membership interest in php holdings, llc. Php holdings is the sole member of certain joint ventures, including physicians health plan, a provider-sponsored health plan. The partnership between um health and sparrow health system is aimed at expanding services to mid-michigan residents, providing increased access to the highest level of care, and improving facilities and technologies. Sparrow health plays a key role in um health establishing a statewide system of care. This partnership is a definitive step forward to position the combined organization and teams for continued growth and long-term success. By coming together, the combined organization is creating a clinical care network that builds upon the strengths of the world-class um health academic medical center and sparrow health's successful community-based health system. By joining um health, sparrow is enabled to accelerate the expansion of services, build greater breadth and depth of clinical expertise, and seamlessly integrate leading-edge technology and other updates into facilities.”

“Equity gain on unconsolidated 65,630,282”