Sacramento-based Sutter Health and Minneapolis-based Allina Health’s pending combination took a step forward this week with the signing of a definitive agreement, the nonprofit systems announced. The agreement locks in the plans shared earlier this year in a letter of intent—namely, that the cross-market deal would bring more than $2 billion of investment to Allina’s markets and that the smaller system would become the “Upper Midwest Division of Sutter Health.” Should the deal close, the resulting organization would span 39 hospitals as well as more than 400 primary and specialty care sites that collectively see over 5 million patients annually. The organization would also employ 88,000 people, with 18,000 aligned physicians.
Read the full article: Allina Health, Sutter Health Move Closer to $26B Combination //
Source: https://www.fiercehealthcare.com/providers/allina-health-join-sutter-health-26b-proposed-merger