October 01, 2016 5:59 AM ET

Healthcare Providers and Services

Company Overview of Henry Ford Health System, Inc.

Company Overview

Henry Ford Health System, Inc., a not-for-profit corporation, provides various healthcare services in the United States. It offers services in the areas of addiction treatment, allergy and immunology, anesthesiology, autism and developmental disabilities, bariatric surgery center, behavioral health, cancer, center for integrative medicine, colon and rectal surgery, dermatology, diabetes, emergency, family medicine, gastroenterology, general surgery, genetics, heart and vascular, brain tumor, hospital medicine, infectious diseases, and internal medicine; and endocrinology and bone mineral disorders. The company also provides services in the areas of liver cancer, nephrology and hypertension, ...

1 Ford Place

Detroit, MI 48202-3450

United States

Founded in 1915

Phone:

313-876-8700

Fax:

313-876-9243

Key Executives for Henry Ford Health System, Inc.

Chief Executive Officer and Ex-Officio Trustee
Age: 62
President, Chief Executive Officer of Health Alliance Plan of Michigan and President of Health Alliance Plan of Michigan
Chief Financial Officer, Executive Vice President and Treasurer
Chief Operating Officer and Executive Vice President
Chief Medical Officer, Executive Vice President, Chief Executive Officer of Henry Ford Hospital and President of Henry Ford Hospital
Compensation as of Fiscal Year 2016.

Henry Ford Health System, Inc. Key Developments

Henry Ford Health System Restructures All of its Existing Debt

Henry Ford Health System successfully restructured all of its existing debt. The pricing of the system bonds set off a flood of orders totaling $3.6 billion, with a final sale of $1 billion in bonds. Henry Ford is expected to gain more than $125 million in present value savings and a reduction of more than $10 million in annual interest expense from this transaction. The bond issue was used to refinance Henry Ford's existing debt, and did not include any "new money" financing. The interest rate on Henry Ford's new 30 year bonds is 3.7%, with an average total interest cost across all bonds of 3.5%. The bond issue generated $1 billion of proceeds including $853 million of bond par amount, $113 million of bond premium and $38 million of taxable debt.

Henry Ford Health System, Inc. Presents at JPMorgan 34th Annual Healthcare Conference, Jan-12-2016 11:00 AM

Henry Ford Health System, Inc. Presents at JPMorgan 34th Annual Healthcare Conference, Jan-12-2016 11:00 AM. Venue: Westin St. Francis Hotel, 335 Powell Street, San Francisco, California, United States. Speakers: Edward Chadwick, EVP & CFO, Robert G. Riney, Chief Operating Officer, Wright L. Lassiter, President.

Henry Ford Health System And Kaiser Permanente Reportedly Discussing A Business Arrangement

Henry Ford Health System, Inc. and Kaiser Permanente Inc. are reportedly discussing a business arrangement. Talk is circulating in health care circles in Southeast Michigan and nationally that the two systems are discussing a business arrangement. Several sources told Crain's the affiliation could range from a non-asset transfer joint venture involving managed care and population health management services to a full merger with Henry Ford becoming Oakland, Calif.-based Kaiser's eighth regional market. Based on conversations with knowledgeable officials connected with Kaiser and Henry Ford, the talks began earlier this year. "A Kaiser partnership with Henry Ford would not surprise me. It does seem like a natural fit compared to the other options that have been previously explored," said one of Crain's sources. Henry Ford officials issued a statement to Crain's through Brenda Craig, the system's director of media relations. "Henry Ford is continually engaged in discussions with health systems locally and nationally regarding opportunities to partner to improve quality, efficiency and the overall experience for our patients and members," said the statement. A major focus of our discussions is on learning, benchmarking and sharing best practices. We do not comment on specific organizations or rumors." Kaiser spokesman Marc Brown declined an interview request. Henry Ford officials are mum on whether they are talking with Kaiser or other systems. Requests for interviews with Nancy Schlichting, Chief Executive Officer of Henry Ford, and President Wright Lassiter III have been unsuccessful.

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November 10, 2015
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