One of the healthcare systems serving patients at KELOLAND plans to merge with a Utah-based system.
The president and CEO of Sanford Health announced the news along with the leader of Intermountain Healthcare on Monday morning.
The two have signed a letter of intent for partnership.
The merger is expected to be completed next year, pending state and federal approval.
Together, they will employ more than 89,000 people and operate 70 hospitals.
They will also provide care and services for adults in nearly 370 locations and provide more than one million people.
Despite the planned merger, you will still see the name of Sanford.
Both organizations will retain their current names for the foreseeable future.
“You will have the Intermountain brand in terms of healthcare supplies in the west. You will have the Sanford brand in the east, but the parent company will be Intermountain Health, ”said Kelby Krabbenhoft, president and CEO of Sanford Health.
Intermountain Healthcare President and CEO Dr. Mark Harrison will be president and CEO of the combined organization, while Sanford Health President and CEO Kelby Krabbenhoft will serve as honorary president.
“I think he will be an incredible leader. It is gaining national reach and impact and the weight it will carry as the new CEO and president of the system, and I intend to do what I can to make it the most successful in the country, ”Krabenhoft said.
Harrison says the two are a good match.
“These are two great organizations with a strong history, which are very strong economically and clinically. This is not something that needs to happen. This is not a reversal. That̵
Asked if the merger could come with potential layoffs, Krabbenhoft said when Sanford Health merged with Fargo years ago.
“The concern at the time was caused by people who feared mergers, just as the question suggests, witnessed and observed the largest medical center ever built in the northern plains, the largest facility and almost double employment in the larger Fargo region due to merger. I will not predict the same with this merger, but I think the chances are much greater in terms of momentum, growth and opportunities, “said Krabbenhoft.
The headquarters of the organization will be in Salt Lake City, and corporate offices will be in Sioux Falls.