Sanford and Fairview Well being announce intent to mix

Sanford and Fairview Well being announce intent to mix

Sanford Well being, the most important rural well being system in america, and Fairview Well being Providers, one of many main suppliers of well being care in Minnesota, have signed a non-binding letter of intent to mix and create a brand new well being system.

Collectively, the mixed system will deliver collectively Sanford Well being’s expertise serving rural populations with Fairview Well being Providers’ expertise in serving city populations throughout complementary geographic footprints. The mixed system might be uniquely positioned to supply extra individuals entry to high-quality, equitable well being care, speed up inhabitants well being and value-based care, and drive medical innovation to learn rural, city and indigenous communities throughout the Midwest.

Sanford and Fairview Well being announce intent to mix

Sanford Well being President and CEO BIll Gassen (left) and Fairview Well being Providers President and CEO James Hereford

Photograph by Sanford Well being

“Our organizations are united by a shared dedication to advance the well being and well-being of our communities,” mentioned Sanford Well being President and CEO Invoice Gassen. “As a mixed system, we will do extra to increase entry to advanced and extremely specialised care, make the most of modern know-how and supply a broader vary of digital providers, unlock better analysis capabilities and remodel the care supply expertise to make sure each affected person receives one of the best care regardless of the place they dwell.”

“With Sanford Well being, Fairview Well being Providers has discovered a associate that shares our Midwestern values and our dedication to inexpensive, accessible and equitable care supply,” mentioned Fairview Well being Providers President and CEO James Hereford. “Our complementary capabilities imply that collectively, we’re uniquely positioned to enhance medical outcomes, develop new care supply fashions, increase alternatives for workers and clinicians throughout our broader operational footprint, and apply our mixed assets to positively impression the well-being of our sufferers and communities right now and for many years to come back.”

Targets for mixed system

The mixed system will:

  • Drive worth by means of high quality care and improved outcomes;
  • Assist well being fairness;
  • Enhance the affected person expertise;
  • Assist help extra inexpensive care within the communities we serve;
  • Present alternatives for continued worker development and medical development; and
  • Foster a tradition of innovation that allows us to recruit and retain one of the best and brightest throughout our operational footprint.

Sanford Well being and Fairview Well being Providers will stay nonprofit entities, every with their very own regional presence, management and regional boards within the markets they serve. Upon shut of the transaction, the identify of the dad or mum firm might be Sanford Well being. Sanford Well being CEO Invoice Gassen will function president and CEO of the mixed system, and Fairview Well being Providers CEO James Hereford will function co-CEO for a interval of 1 12 months post-closing.

The governing boards of each well being methods have accepted continuing with vital steps, similar to due diligence and overview processes, with the aim of organizing Fairview Well being Providers and Sanford Well being underneath a single built-in well being system. The intention is for a definitive settlement to be signed and the closing of the transaction is anticipated in 2023, pending antitrust and different vital critiques and shutting situations.

Sanford Well being, Fairview Well being Providers and their companions are dedicated to making sure the sufferers, residents and communities they serve proceed to have entry to distinctive care from their clinicians in the course of the completion of this course of.

About Sanford Well being

Sanford Well being, the most important rural well being system in america, is devoted to reworking the well being care expertise and offering entry to world-class well being care in America’s heartland. Headquartered in Sioux Falls, South Dakota, the group serves a couple of million sufferers and 220,000 well being plan members throughout 250,000 sq. miles. The built-in well being system has 47 medical facilities, 2,800 Sanford Well being physicians and superior follow suppliers, 170 medical investigators and analysis scientists, greater than 200 Good Samaritan Society senior care places and world clinics in 8 nations across the globe.

About Fairview Well being Providers

Fairview Well being Providers is a Minneapolis-based nonprofit well being system pushed to heal, uncover, and educate for longer, more healthy lives. Based in 1906, Fairview Well being Providers supplies distinctive care to sufferers and communities as one of the vital complete and geographically accessible methods in Minnesota. The Fairview Well being Providers system consists of 31,000 workers throughout 11 hospitals, greater than 80 main and specialty care clinics, 36 retail and specialty pharmacies, rehabilitation facilities, doctor community, senior care housing and long-term care services, and medical transportation.

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Firm Information, Information, Rural Well being