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Sisters get affairs in order
Crain's Detroit Business, January, 1998 by Barkholz, David
St. Joseph Health System seeks merger DAVID BARKHOLZ CRAIN'S DETROIT BUSINESS In the end, they ran out of nuns. That's why the Sisters of St. Joseph of Nazareth order is looking to merge its $1.5 billion hospital company in Ann Arbor with another Catholic health care system. The Kalamazoo-based order, whose hospital holdings include St.
John Health System in Detroit, has just 340 nuns left. And those nuns have a median age of 72, said John Lore, president and CEO of the Sisters of St. Joseph Health System, whose headquarters is in Ann Arbor. Succession planning requires that the order find a partner within the next two years to carry on the work and the Catholic mission of the health care company, Lore said. The Sisters of St. Joseph Health System has narrowed...
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