Sioux Falls, S.D.-based Sanford Health and Des Moines, Iowa-based UnityPoint Health signed a letter of intent June 27 to combine the two systems, according to The Wall Street Journal.
Five things to know:
1. The combined system would operate 76 hospitals and outpatient and long-term care services across 26 states, according to WSJ. Sanford Health includes 44 hospitals and UnityPoint Health includes 32 hospitals, according to a press release from the organizations.
2. If the deal is finalized, the combined system would be among the top 15 largest nonprofit health systems in the U.S., according to the Argus Leader.
3. Sanford and UnityPoint have more than $11 billion in combined operating revenue, more than 83,000 staff and 2,600 physicians, according to the Argus Leader.
4. "Our organizations share a deep commitment to exceptional patient care and a vision for transforming and sustaining health care in our communities," Kevin Vermeer, president and CEO of UnityPoint Health, said in a press release. "Working together, we will find new ways to broaden access to care — beyond the traditional settings — and take greater responsibility for the health of the populations we serve."
5. The transaction is subject to customary regulatory approval and could close by the end of 2019, according to the Argus Leader.
Editor's note: This article was updated June 28 at 12:57 p.m. to clarify that Sanford Health is in Sioux Falls, S.D.
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