Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Sanford Health grows to $5B+ system after finalizing merger

Sanford Health completed its merger with the nationwide senior care services provider Evangelical Lutheran Good Samaritan Society, the health system announced Jan. 2.

The organizations, both based in Sioux Falls, S.D., went public with plans to merge in June.

With the completion of the merger, Sanford Health now employs nearly 50,000 individuals and maintains more than $5 billion in annual revenue.

"We know that bringing these two organizations under one umbrella has many benefits for those we serve. Being on the forefront of the changing healthcare landscape made this historic opportunity a reality," Kelby Krabbenhoft, Sanford Health president and CEO, said in a statement.

The CEO of Good Samaritan will remain in his position and join Sanford Health's corporate leadership team.

To access the full report, click here.

More articles on transactions and valuations:
New York town government learns of local hospital partnership after the fact
New York hospital names potential partners after 3-year search
Partners, CNE merger heads to Rhode Island regulators

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months