Sanford Health & MeritCare, a healthcare system, provides cancer, children’s, heart, orthopedics/sports medicine, and women’s health services in the United States. Its services include allergy and immunology, anesthesiology, cardiac electrophysiology, cardiology, chiropractic, critical care, dermatology, eating disorders, emergency medicine, endocrinology, family medicine, gastroenterology, geriatric medicine, gynecologic oncology, hospitalist, infectious disease, internal medicine, interventional cardiology, interventional radiology, maternal, medical genetics, medical oncology, nephrology, neurocritical care, neurology, neurosurgery, nuclear medicine, obstetrics and gynecology, occupationa...
1305 West 18th Street
Sioux Falls, SD 57117-5039
Founded in 1996
Sanford Health Announces Management Restructuring; Seeks to Centralize in New Office Building Operations
Jun 10 13
Sanford Health is undergoing management restructuring aimed at saving the company $10 million a year. Fifty executives were offered early retirement or reassignment under the plan, and 38 accepted such moves. Senior Vice President and COO Becky Nelson and Chief Medical Officer Bruce Pitts are among those taking early retirement. The remaining 12 will be bought out by the company.
The company is also seeking to centralize in a new office building operations including pharmacy and laboratory services, home health care and the rural hospital network. The company expects to see opportunities for M&A in the near future and is considering expansion to the west.
Sanford Health Drops Merger Talks With Fairview
Apr 9 13
Sanford Health of Northern Minnesota has dropped out of merger discussions with Fairview Health Services, Inc. Sanford Health took the decision after a public hearing on April 7, 2013 at which Attorney General Lori Swanson questioned whether the merger. He questioned if the merger would wrongly export beyond state lines both charitable assets and control of university teaching hospitals owned by Fairview. Kelby Krabbenhoft, Chief Executive Officer of Sanford Health said: "Sanford Health has a philosophical policy of 'only going where we are invited'. It seems as though the incredibly positive beginnings to discussions of the merger ... has turned into a situation that finds us being unwelcome by some interested parties and key stakeholders of our proposed merger partner." Fairview’s interim Chief Executive Officer, Charles Mooty said: "We respect Sanford's decision and our board's current assessment of a Sanford partnership will stop. We understand why they would choose to step back at this time, but the news comes as a disappointment."
Fairview Health And Sanford Health In Merger Talks
Mar 28 13
Fairview Health Services, Inc. and Sanford Health of Northern Minnesota are in preliminary merger talks. Sanford Health’s Chief Executive Officer, Kelby Krabbenhoft described the situation as "discussions and exploratory review of each organization." He added: "It is an unfortunate description of these timely and well-intended talks as some kind of 'takeover' or acquisition." Fairview and Sanford are about the same size, with $3 billion in net revenues. He further stated: "While very early in the process of learning about each other, it seems there is a lot of commonality in values and priorities between the two systems. We find ourselves intrigued by the possibilities and potential of our talks, and yet we are comfortable with the notion of a careful and reasoned process to learn and think of what might be. With no overlap in service areas and no historic relationships to confuse the discussion, it seems like a perfect moment in time to pursue these talks."