For the second time in its history, Sanford Health is working toward a merger with Minneapolis-based Fairview Health Services.
The two systems signed a nonbinding letter of intent to combine and create a system with more than $13.5 billion in annual revenue, ranking it among the nation’s largest nonprofit health systems.
Post-merger, the system would continue to be called Sanford Health and ultimately result in Sanford president and CEO Bill Gassen retaining the same role in the combined system.
In an interview with SiouxFalls.Business, Gassen describes Sanford as “elated” by the prospect of coming together with Fairview after a similar deal in 2013 failed to materialize.
Neither Gassen nor Fairview CEO James Hereford were at the leadership table then.
They began talking over a dinner table in May after meeting each other over the past couple of years through industry groups.