MMH CEO denies rumors of financial crises

MidMichigan Health is giving up a stake of about 9 percent of its organization to the University of Michigan Health System as part of a deal announced by the organizations Tuesday.


CEO Richard Reynolds addressed rumors that the organization is facing a financial crisis. "The organization is very financially strong," he said. "There have been many rumors lately that we're going down the tubes and that's not true at all."

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In July, Reynolds announced that he would retire in early 2013 after 32 years.