Sanford Health Again Plans Merger with Minneapolis Health System
Pigeon 605 and Sioux Falls Business with Jodi Schwan is reporting that once again Sanford Health intends to merge with Fairview Health Services based in Minneapolis.
The two systems signed a nonbinding letter of intent to combine and create a system with more than $13.5 billion in annual revenue, ranking it among the nation’s largest nonprofit health systems. - Sioux Falls Business with Jodi Schwan
After the merger, the medical system will still be called Sanford, and Bill Gassen the current Sanford CEO would continue in his role.
You may remember that other Sanford merger deals were called off or fell through, but the leadership at both Sanford and Fairview has changed since then.
The assets Sanford brings to the deal include:
- 47 hospitals
- 224 primary and specialty clinics
- 2800 physicians and advanced practice providers
- 47,000 employees
- serves 1 million patients
- 220,000 health plan members
Fairview Health Systems assets include:
- 11 hospitals
- 80 primary and specialty clinics
- 3300 physicians and advanced practice providers
- 31,000 employees
According to Bill Gassen, Sanford Health System CEO, the two organizations,
have the same mission but have different capabilities that are very complementary
Sanford and Fairview's leadership teams, board of directors, and leadership teams for the respective regions would all be combined.
The deal is expected to close sometime in 2023.
Source: Pigeon605 and Sioux Falls Business with Jodi Schwan