A contract has been signed approving the merger between Sanford Health and North Country Health Services, a system anchored by the 118-bed North Country Regional Hospital in Bemidji, Minn. The deal becomes effective March 1.
Sanford Health, Minn. system set to merge
Sanford Health owns, leases or manages some 31 hospitals in Iowa, Minnesota, Nebraska, North Dakota and South Dakota, and has dual headquarters in Sioux Falls, S.D., and Fargo, N.D. As part of the deal, Sanford will invest $70 million in North Country over the next decade and make an immediate gift of $5 million to its foundation.
The two organizations’ facilities in Bemidji will operate under the name Sanford Health of Northern Minnesota, the release said. The agreement received antitrust clearance from the Federal Trade Commission earlier this month. A letter announcing the intent of the two organizations to merge was drafted last November.
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