Sioux Falls, South Dakota-based Sanford Health is planning to absorb the Twin Cities’ North Memorial Health in a deal that would bolster the rural health system’s Minnesota presence and bring new financial support to facilities in the fast-growing market. The pair’s definitive agreement includes the promise of a $600 million investment from Sanford to North Memorial. It would see North Memorial become a subsidiary of Sanford and serve as the “anchor” of the parent’s new Twin Cities care delivery region. Sanford Health describes itself as the country’s largest rural health system. The nonprofit employs 55,000 people and runs 58 hospitals, nearly 300 clinics, and other operations, including a health plan across the Midwest.
Read the full article: Sanford Health Unveils Deal to Integrate Minnesota-Area North Memorial Health, Invest $600M //
Source: https://www.fiercehealthcare.com/providers/sanford-health-unveils-deal-integrate-minnesota-area-north-memorial-health-invest-600m