Sanford Healthcare Calls Off $11 Billion Merger
On Tuesday Sanford Health announced that a merger between Sanford Healthcare and UnityPoint Health is off.
UnityPoint Health is an Iowa-based healthcare provider. The proposed merger would have formed an $11 billion, 83,000 employee, 76-hospital system. The organization would have ranked among the 15 largest nonprofit health systems in the country, with operations in 26 states.
According to KSFY TV, In a statement from Sanford Health Tuesday afternoon Sanford President and CEO, Kelby Krabbenhoft said: "We were excited at the opportunity our combination would have provided to create a new health system of national prominence. The executive management teams and physicians worked diligently for 18 months to provide a merger recommendation to the boards. We are disappointed that the UnityPoint Health board failed to embrace the vision. Our focus now is on the patients and communities we serve and the 50,000 people working tirelessly to support them.”
UnityPoint Health said in a statement: "Over the past several months, UnityPoint Health has seriously explored the opportunity to join together with Sanford Health. After significant consideration, we will not be moving forward with a formal partnership. We have great respect for Sanford Health and the relationships we’ve developed. UnityPoint Health remains strong, focused on delivering exceptional patient care and is competitively positioned for the future."
Sanford Health includes:
44 medical centers.
More than 200 senior living facilities.
190,000 Sanford Health Plan members.
1,382 physicians, 973 advanced practice providers and 9,703 registered nurses delivering care in more than 80 specialty areas.