According to the deal, Sanford is managing all operations of the 25-bed critical access hospital. Sanford also oversees Liberty’s rural health clinic, skilled nursing facility and assisted living facility. Sanford’s Derek Daly is serving as CEO of Liberty.
However, Liberty still maintains independence and all decision-making authority.
Liberty, which has 100 employees and a medical staff of four, wanted a management agreement with a prominent health system to help stem the tide of challenges associated with healthcare reform. “Rural hospitals face many challenges, and this relationship with Sanford Health will assist us in our goal to maintain a long-term, strong future so we can continue to provide quality healthcare to over 3,000 people in the region,” said Kirsten Kammerzell, Liberty’s board chair, in a news release.
More Articles on Hospital Transactions:
Parkview Health, Wabash County Hospital Consider Affiliation
Community Hospital Corp. Forms Relationships With 2 New Hospitals
LCMC Health Becomes Operator of New Orleans East Hospital
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.