South Dakota-Based Sanford in Talks to Acquire Fairview
Another day. Another health care organization takeover in Minnesota?
[MN Atty. Gen. Lori] Swanson said she has confirmed that talks have reached an advanced stage and that Fairview’s board of directors is scheduled to hold a retreat on April 8, presumably to consider the question of yielding control to Sanford [Health]. “We hear it’s pretty hot and heavy,” Swanson said in an interview with the Star Tribune.
This potential buyout has immediate ramifications that differ completely from recent acquisitions in this state — namely, the possible takeover is from an outstate entity (Sanford Health is based in South Dakota). Also, the object of the acquisition, Fairview Health, has holdings affiliated with the University of Minnesota; a private company has the potential to acquire a state-affiliated institution with deep cultural and financial ties to Minnesota. What is Fairview thinking, exactly? | LINK