Officials with Medcenter One, based in Bismarck-Mandan, N.D., and Sanford Health announced Monday that they have signed a letter of intent and memorandum of understanding and will continue working on a possible merger. Both agreements are non-binding…A deal such as the Sanford-Medcenter One merger is a trend that likely will continue, said Michael Myers, a professor of health care law and policy at the University of South Dakota School of Law…It would be the biggest merger for Sanford since it combined with Fargo-based Meritcare in 2009…But Myers, a former administrator for St. Marys Hospital at the Mayo Clinic in Rochester, is troubled by the trend. These types of mergers continue to go unchallenged, while physicians are reaping economic incentives gained through ordering more tests and procedures, he said.
Sioux Falls Argus Leader by Sara Reinecke
Tags: Business Relations, Industry News & Competitive Intelligence, Mayo Clinic Rochester, Medcenter One, Michael Myers, Sanford Health, Sanford-Medcenter One merger, Sioux Falls Argus Leader, St. Marys Hospital, University of South Dakota School of Law