North Memorial Health to take full ownership of Minnesota hospital

Robbinsdale, Minn.-based North Memorial Health will take full ownership of Maple Grove (Minn.) Hospital by purchasing the final 25 percent stake from Minneapolis, Minn.-based Fairview Health Services.

Advertisement

The transaction will be completed on or before May 2, according to a North Memorial Health news release shared with Becker’s.

North Memorial Health plans to expand customer care capacity at the hospital, particularly for emergency, imaging and inpatient services, it said in the release.

“Today’s announcement gives both organizations the ability to target investments in places that help us best serve patients,” Hayes Batson, CFO of Fairview Health Services, said in the release. “This transaction does not change our steadfast dedication to serving and caring for the residents in the northwest metro area.” 

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.