Sanford Health and Intermountain Healthcare announce intent to merge
SIOUX FALLS, S.D. (Dakota News Now) - Sanford Health and Salt Lake City-based Intermountain Healthcare announced their intent to merge on Monday.
“Today, we’re marking another major milestone in our long history of working to change the course of healthcare across the globe. By coming together with Intermountain Healthcare, we will improve the health and well-being of the communities we serve and strengthen our impact on healthcare delivery and value," says Kelby Krabbenhoft, president and CEO of Sanford Health.
“Sanford has made no secret that the plan is to grow, to get bigger, and to do that by bringing in other partnerships when it makes sense,” said Jodi Schwan of the SiouxFalls.Business.
The health systems say the combination of Intermountain’s digital healthcare and telehealth capabilities and Sanford’s rural healthcare delivery and clinical research will make healthcare more affordable and accessible to communities.
“Intermountain and Sanford have a shared vision of the future of healthcare and have the aligned values needed to better serve more communities across the nation,” says Marc Harrison, M.D., president and CEO of Intermountain Healthcare.
The boards of both not-for-profit organizations approved a resolution to support moving forward.
Krabbenhoft announced his intent to retire at age 65 on his 60th birthday. Now, at age 62, Krabbenhoft says his intent remains the same and believes Marc Harrison is the right person for the job.
Following the merger, Sanford Health will retain its brand in the east but will be operated under Intermountain as the parent company. The organization will have headquarters in Salt Lake City, Utah, with corporate offices in Sioux Falls, South Dakota.
Both CEO’s say they are open to building on their partnership in the future, “There’s going to be a natural attraction to this and we are receptive and eager to have them join the team at the right time,” Harrison said.
The combined organization will employ more than 89,000 people, and operate 70 hospitals, many in rural communities. It will operate 435 clinics across seven states, provide senior care and services in 366 locations in 24 states, and insure 1.1 million people.
The merger is expected to close in 2021 pending federal and state approvals.
This is a developing story.
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