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Sanford Health, UnityPoint ‘megamerger’ deal called off

by Tina Reed | Nov 12, 2019

An $11 billion megamerger planned between South Dakota-based Sanford Health and Iowa-based UnityPoint has been called off, officials confirmed Tuesday. 

In June, the two health systems announced the planned merger deal that would have created one of the 15 largest nonprofit health systems in the country. With plans to become leaders in “personalized primary care,” they said they intended to complete the deal by the end of the year. 

Executive management teams and physicians from both health systems worked to provide a merger recommendation to both boards over the last 18 months.

“We were excited at the opportunity our combination would have provided to create a new health system of national prominence,” said Kelby Krabbenhoft, president and CEO of Sanford Health, in a statement. “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.”

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Chris J. Stewart

Chris currently serves as Chief Executive Officer of Surgio Health as well as COO at Ortho Spine Partners. Chris has close to 20 years of healthcare management experience with an infinity to improve healthcare delivery through the development and implementation of innovative solutions that solve real problems that result in improved efficiencies, reduction of unnecessary financial & clinical variation, and help drive better patient outcomes. Previously, Chris was assistant vice president and business unit leader for HPG/HCA. He has presented at numerous healthcare forums on topics that include disruptive innovation, physician engagement, shifting reimbursement models, cost per clinical episode and the future of supply chain delivery.

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