Oct. 26, 2020 – Intermountain Healthcare (Salt Lake City, UT) and Sanford Health (Sioux Falls, SD) have signed a letter of intent to develop a strategic partnership with the goal of signing a merger agreement.
The boards of both nonprofit organizations approved a resolution to support moving forward with the due diligence process.
The combined organization would:
- Employ more than 89,000 people
- Operate 70 hospitals, many in rural communities
- Operate 435 clinics across seven states
- Provide senior care in 233 locations in 24 states
- Insure 1.1 million people
The organization will have headquarters in Salt Lake City, Utah, and corporate offices in Sioux Falls, South Dakota.
Marc Harrison, MD, president and CEO of Intermountain Healthcare, will be president and CEO of the combined organization.
Kelby Krabbenhoft, president and CEO of Sanford Health, will serve as president emeritus. Both organizations will continue to operate under their current names for the foreseeable future.
Existing Board of Trustees from both systems will join to form a combined board. A new executive committee of the board will be created with equal representation from members of the Intermountain and Sanford Health boards. Gail Miller, current chair of the Intermountain Board, will serve as board chair for the merged organization.
The organizations expect the merger to close in 2021, pending federal and state approvals.