Becker's Healthcare November 5, 2024
As the healthcare industry continues to see changes and competitive pressures, many health systems are branching out past their local markets to increase care delivery and provide sustainable growth through cross-market mergers.
Here are five large cross-market mergers in the works or solidified that Becker’s has reported on since 2022:
1. In late October, Sioux Falls, S.D.-based Sanford Health and Marshfield (Wis.) Clinic Health System signed an affiliation to combine into a 56-hospital system after Marshfield and Duluth, Minn.-based Essentia Health called off merger efforts to combine into a 25-hospital system in early January. The merger would bring together around 56,000 employees, 4,300 providers, research institutions, specialty pharmacies, and two health plans – Sanford Health Plan and Security Health...
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