January 29, 2023

Sanford and Fairview Wellbeing announce intent to merge

Sanford Overall health, the greatest rural wellness procedure in the United States, and Fairview Health Services, one particular of the major companies of health care in Minnesota, have signed a non-binding letter of intent to incorporate and create a new well being system.

Together, the put together system will provide jointly Sanford Health’s practical experience serving rural populations with Fairview Overall health Services’ experience in serving city populations throughout complementary geographic footprints. The merged technique will be uniquely positioned to give extra people today entry to higher-excellent, equitable health care, accelerate population overall health and benefit-centered care, and push scientific innovation to reward rural, urban and indigenous communities throughout the Midwest.

&#13
&#13
&#13
&#13
&#13
Sanford Well being President and CEO Monthly bill Gassen (still left) and Fairview Health Services President and CEO James Hereford

Photograph by Sanford Wellness

&#13
&#13

&#13
&#13
&#13
&#13
&#13

“Our companies are united by a shared commitment to advance the wellness and properly-remaining of our communities,” reported Sanford Wellness President and CEO Invoice Gassen. “As a mixed program, we can do far more to increase access to complicated and really specialized care, make the most of revolutionary know-how and present a broader assortment of virtual solutions, unlock increased analysis capabilities and completely transform the care supply expertise to be certain every single client receives the greatest care no matter in which they reside.”

“With Sanford Overall health, Fairview Well being Solutions has found a spouse that shares our Midwestern values and our motivation to cost-effective, obtainable and equitable care shipping and delivery,” reported Fairview Wellness Solutions President and CEO James Hereford. “Our complementary abilities imply that jointly, we are uniquely positioned to strengthen clinical results, establish new treatment supply styles, broaden opportunities for workers and clinicians across our broader operational footprint, and utilize our mixed resources to positively effects the properly-getting of our individuals and communities today and for decades to come.”

Goals for blended process

The blended technique will:

  • Generate value by means of top quality treatment and enhanced results
  • Aid health equity
  • Strengthen the client encounter
  • Enable help a lot more reasonably priced treatment in the communities we serve
  • Give prospects for continued employee expansion and clinical improvement and
  • Foster a tradition of innovation that allows us to recruit and retain the very best and brightest throughout our operational footprint.

Sanford Well being and Fairview Wellbeing Companies will continue being nonprofit entities, every single with their possess regional existence, management and regional boards in the markets they serve. Upon close of the transaction, the name of the dad or mum firm will be Sanford Overall health. Sanford Well being CEO Bill Gassen will provide as president and CEO of the mixed procedure, and Fairview Wellness Services CEO James Hereford will provide as co-CEO for a interval of 1 12 months put up-closing.

The governing boards of both of those overall health systems have authorised proceeding with needed methods, these types of as thanks diligence and critique processes, with the aim of organizing Fairview Health Companies and Sanford Health less than a single built-in health program. The intention is for a definitive settlement to be signed and the closing of the transaction is predicted in 2023, pending antitrust and other important testimonials and closing problems.

Sanford Well being, Fairview Health and fitness Products and services and their associates are dedicated to guaranteeing the clients, citizens and communities they serve keep on to have obtain to excellent treatment from their clinicians all through the completion of this approach.

About Sanford Wellness

Sanford Health and fitness, the premier rural wellness program in the United States, is dedicated to reworking the well being care expertise and giving accessibility to environment-class wellness care in America’s heartland. Headquartered in Sioux Falls, South Dakota, the organization serves more than just one million clients and 220,000 wellbeing prepare customers throughout 250,000 square miles. The integrated wellness program has 47 medical centers, 2,800 Sanford Overall health doctors and highly developed follow providers, 170 medical investigators and study researchers, additional than 200 Good Samaritan Society senior care spots and earth clinics in 8 nations around the world around the world.

About Fairview Wellbeing Products and services

Fairview Health and fitness Expert services is a Minneapolis-centered nonprofit health and fitness process pushed to heal, find out, and educate for for a longer time, more healthy life. Established in 1906, Fairview Health Expert services provides outstanding care to people and communities as 1 of the most extensive and geographically available programs in Minnesota. The Fairview Well being Solutions process includes 31,000 workers throughout 11 hospitals, a lot more than 80 most important and specialty treatment clinics, 36 retail and specialty pharmacies, rehabilitation facilities, physician community, senior care housing and very long-phrase care facilities, and professional medical transportation.

Discover more

Posted In
Organization News, Information, Rural Health and fitness