Sanford Health Merger Talks with UnityPoint Health End
Carol McCarthy | Dec 3, 2019 AT 8:03 am
UNDATED--Sanford Health officials say merger talks have ended in a deal that would have created a large network of hospitals and clinics spanning six states, including western Minnesota.
A statement released by president and CEO at Sanford, Kelby Krabbenhoft said conversations regarding a potential merger with UnityPoint Health have ended after 18 months of work on a merger recommendation. He added that Sanford is disappointed the UnityPoint Health board failed to embrace the vision.
Sanford Health, based in South Dakota, unveiled plans over the summer to merge with Iowa-based UnityPoint Health, which would have resulted in an operation with $11 billion in annual revenue.
Backed by philanthropist Denny Sanford, Sanford Health runs a large network of hospitals, clinics and nursing homes, including operations in South Dakota, North Dakota and western Minnesota. As of July, the Minnesota operations included 18 hospitals and 171 clinics.
UnityPoint Health runs hospitals and clinics in Iowa, Illinois and Wisconsin. The Des Moines-based health system also jointly owns a health insurance company with Bloomington-based HealthPartners.