Two Hospital Merger Deals Collapse
When merger talks collapse between two health systems both sides usually take pains to insist that the process was pleasant and the parting was amicable.
So it came as a surprise that Sanford Health would offer barbed remarks after announcing that its months-long confidential merger talks with Minneapolis-based Fairview Health Services ended with no deal in place.
"Sanford Health has a philosophical policy of 'only going where we are invited,'" CEO Kelby K. Krabbenhoft said in prepared remarks.
"It seems as though the incredibly positive beginnings to discussions of the merger of Fairview Health and Sanford Health, has turned into a situation that finds us being unwelcome by some interested parties and key stakeholders of our proposed merger partner. It is inconceivable and unacceptable to me that we would ever propose a merger without the affirmation of these parties."
Krabbenhoft's ire appeared to be directed at Minnesota Attorney General Lori Swanson, who at a public hearing she called on April 7, grilled executives from the sprawling South Dakota-based health system on the private negotiations and questioned their motives. Swanson had already detailed her concerns about the merger talks in a March 26 letter to Chuck Mooty, Fairview's interim CEO and board chairman.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- Defensive Medicine Still Prevalent Despite Tort Reform
- WellPoint Dominates Nearly Half of Markets, AMA Says
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening