Sanford Health, Intermountain Healthcare plan merger that would create medical giant spanning Upper

[TexasTowelie]

Sanford Health, Intermountain Healthcare plan merger that would create medical giant spanning Upper Midwest to Rockies


FARGO — Sanford Health and Intermountain Healthcare, based in Salt Lake City, have announced plans to merge next year and form a health system with a sprawling geographic reach extending from the Mississippi River to the Rocky Mountains.

The boards of the two health systems voted on Friday, Oct. 23, to sign a letter of intent to merge next year and form what’s believed will be the nation’s sixth or seventh largest health system, which will include a network including hospitals, clinics, long-term care facilities and health insurance.

The Sanford name will continue in Sanford’s service area, while the Intermountain name will remain in its locations, but the new parent not-for-profit organization will be Intermountain Healthcare with headquarters in Salt Lake City and corporate offices in Sioux Falls, S.D.

Once the merger takes place, Sanford CEO Kelby Krabbenhoft will remain as CEO emeritus for two years, continuing his role in charting strategy and growth opportunities. Krabbenhoft, whose 40-year career in health care administration includes 25 years at the helm of Sanford, also will join the board of the merged organization.

Read more: https://www.duluthnewstribune.com/newsmd/health-news/6733394-Sanford-Health-Intermountain-Healthcare-plan-merger-that-would-create-medical-giant-spanning-Upper-Midwest-to-Rockies