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Fairview Health Services, HealthEast to merge to create largest hospital network in Minnesota

Minneapolis-based Fairview Health Services revealed plans to merge with St. Paul, Minn.-based HealthEast. The combined entity will serve as one of the most comprehensive and accessible health systems in the state.

FHS President and CEO James Hereford will lead the merged entity alongside FHS' existing board of directors and three additional board members from HealthEast. Officials said they plan to begin the integration process once they receive regulatory approval, which they anticipate receiving in spring 2017.

The financial terms of the agreement were not disclosed.

"Bringing Fairview and HealthEast together will create a world class health system committed to serving our communities and the region," said Mr. Hereford. "Our organizations are stronger together. By joining forces, we can expand clinical services and combine our expertise to serve patients where they live and work, giving them access to the widest range of care choices available."

More articles on transactions and valuations:
NorthShore University HealthSystem, Advocate Health Care scrap merger agreement
McLaren reportedly considers partial acquisition of Detroit Medical Center
Envision Healthcare to acquire Imaging Advantage

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