A letter of intent has been drafted signaling the beginning of a merger between Sanford Health and North Country Health Services, a 118-bed acute-care hospital in Bemidji, Minn.
Sanford Health, Minn. hospital seek merger
The NCHS board has signed the letter, and the Sanford board is expected to do so Friday, according to a news release. The 14-hospital Sanford system has maintained dual headquarters in Sioux Falls, S.D., and Fargo, N.D., since its November 2009 merger with the MeritCare Health System.
The new merger would include a $75 million Sanford “investment” in the Bemidji community via facilities, recruitment and technology over the next 10 years, according to the release, starting with a $5 million gift to the NCHS Foundation.
No date was given for the completion of the deal, though the release said further analysis and due diligence would be done “over the next several months.” In addition to the acute-care beds, NCHS contains 16 rehabilitation beds, 12 acute geriatric beds, 78 skilled-nursing beds and 120 assisted-living apartments.
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