Merger talks end between large health care systems in Minnesota, South Dakota
A merger that would have created one of the largest health service companies in the Upper Midwest has been scrapped
MINNEAPOLIS (AP) — A merger that would have created one of the largest health service companies in the Upper Midwest has been scrapped.
Minneapolis-based Fairview Health Services and Sioux Falls, South Dakota-based Sanford Health announced Thursday that they would not proceed with the merger they had been discussing since late last year. It would have created a system with more than 50 hospitals and about 78,000 employees.
This is the second time in a decade that the two companies considered a merger but failed to complete it, the Minneapolis Star Tribune reported.
The latest attempt drew fierce opposition at the University of Minnesota, which has a partnership with Fairview. The university sold its teaching hospital to Fairview in 1997 and opposed the idea of an out-of-state entity owning the University of Minnesota Medical Center in Minneapolis. The merged system would have been based in Sioux Falls, South Dakota's largest city.
