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Sanford Health & Fairview Agree To $14B Merger, Again

 |  November 15, 2022

For the second time in its history, Sanford Health is working toward a merger with Minneapolis-based Fairview Health Services.

The two systems signed a nonbinding letter of intent to combine and create a system with more than $13.5 billion in annual revenue, ranking it among the nation’s largest nonprofit health systems.

Post-merger, the system would continue to be called Sanford Health and ultimately result in Sanford president and CEO Bill Gassen retaining the same role in the combined system.

Read more: US: Sanford Health, UnityPoint Health call off $11B merger

In an interview with SiouxFalls.Business, Gassen describes Sanford as “elated” by the prospect of coming together with Fairview after a similar deal in 2013 failed to materialize.

Neither Gassen nor Fairview CEO James Hereford were at the leadership table then.

They began talking over a dinner table in May after meeting each other over the past couple of years through industry groups.