Sanford Health and Intermountain Healthcare have indefinitely suspended conversations about a planned merger. This decision follows the recent departure of Kelby Krabbenhoft, president and chief executive officer (CEO) of Sanford Health, which is based in Sioux Falls, South Dakota. Mr. Krabbenhoft served as CEO of Sanford for the past 25 years. The Sanford Health Board of Trustees has since appointed Bill Gassen as the organization’s new president and CEO. Given the leadership change, Sanford Health has decided to pause current merger and acquisition activity while it addresses other organizational needs.
“We are disappointed but understand the recent leadership change at Sanford Health has influenced their priorities,” said Marc Harrison, M.D., president and CEO of Intermountain Healthcare. “There’s much to admire about the work that Sanford Health is doing. We continue to share a strong vision for the future of health care.”
“With this leadership change, it’s an important time to refocus our efforts internally as we assess the future direction of our organization,” said Mr. Gassen. “We continue to prioritize taking care of our patients, our people, and the communities we serve as we look to shape our path forward. We have great respect for Intermountain Healthcare, Dr. Marc Harrison, and their leadership team and look forward to continuing to learn from each other.”
Sanford Healthis a large health system with headquarters Sioux Falls, South Dakota. The system includes 46 hospitals, 1,400 physicians and more than 200 Good Samaritan Society senior care locations in 26 states and 10 countries. It provides integrated delivery of health care, genomic medicine, senior care and services, global clinics, research and affordable insurance.
Intermountain Healthcare serves the health care needs of people in Utah, Idaho, and Nevada. It is an integrated, not-for-profit health system headquartered in Salt Lake City, Utah, with 225 clinics, a medical group, 24 hospitals (one that is virtual), home care, telehealth, health insurance plans, and other services.
This was reported by Sanford Health on December 4, 2020.
Contact information: Shawn Neisteadt, Media Relations, Sanford Health, 1305 W 18th St., Sioux Falls, SD 57117; 605-366-2432; Email: firstname.lastname@example.org; Website: https://www.sanfordhealth.org/