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Sanford Health unveils deal to integrate Minnesota-area North Memorial Health, invest $600M
Summary: Sanford Health, a massive rural healthcare system based in South Dakota, is planning to take over North Memorial Health in Minnesota's Twin Cities. Sanford is bringing a huge $600 million investment to the table. This money is meant to save North Memorial's Robbinsdale hospital, which is a crucial "safety-net" hospital with a Level 1 trauma center that has been struggling with high costs and unpaid Medicare bills. The deal will also double the size of the Maple Grove hospital.
However, not everyone is cheering just yet. Minnesota's Attorney General is keeping a close eye on the deal to make sure it's good for the public, and local healthcare unions are worried about what this big corporate merger means for patients and workers.
For more details, see rssapp-fiercehealthcare-com at fiercehealthcare.com/providers/sanford-health-unveils-deal-integrate-minnesota-area-north-memorial-health-invest-600m (opens in new tab)