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.
Read more: US: Sanford Health, UnityPoint Health call off $11B merger
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.
Featured News
FTC Throws the Bag: Tapestry’s Capri Deal Blocked Over Market Monopoly Concerns
Apr 22, 2024 by
CPI
Italy’s Antitrust Authority Investigates Enel’s Communication of Energy Price Hikes
Apr 22, 2024 by
CPI
UK Data Regulator Uncovers Flaws in Google’s Privacy Sandbox Proposal
Apr 22, 2024 by
CPI
Japan’s Antitrust Body Orders Google to Amend Ad Search Practices
Apr 22, 2024 by
CPI
Senator Blackburn Blasts Ticketmaster Amid DOJ Probe
Apr 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI