Sanford-Medcenter One merger receives final regulatory approvalFARGO – The proposed merger between Sanford Health and Medcenter One in Bismarck received its final regulatory approval today.
By: Patrick Springer, INFORUM
FARGO – The proposed merger between Sanford Health and Medcenter One in Bismarck received its final regulatory approval today.
Attorney General Wayne Stenehjem gave his OK to the merger, which will expand Sanford’s coverage area into central and western North Dakota.
In a three-page letter released today, Stenehjem said his office is “unable to conclude” that the transaction is not in Medcenter One’s best interest.
No Medcenter One assets will be transferred under the deal, which merges the two nonprofit health systems.
Sanford Health is based in Fargo and Sioux Falls, S.D. Medcenter One is based in Bismarck.
“The findings indicate that there are several areas of potential benefit to the affiliating entities,” Stenehjem said in his letter.
Comments were unavailable from Sanford or MedCenter One today, but comments are expected when the merger is announced Thursday in Bismarck.
All Medcenter One locations will continue to provide care and all staff will remain. Medcenter One will make the transition to the Sanford Health name over the next year, according to a joint statement by the two health systems.
A merger would push the combined annual revenues of the companies past $3 billion. Sanford’s current gross revenues are $2.7 billion.
For more on the story read Wednesday’s Forum.
Readers can reach Forum reporter
Patrick Springer at (701) 241-5522