Healthpart­ners, Park Ni­col­let sign deal to merge

Modern Healthcare - - LATE NEWS -

Two Twin Cities-area health­care sys­tems signed a let­ter of in­tent to merge, giv­ing one or­ga­ni­za­tion con­trol over five hos­pi­tals, a 1,500-physi­cian mul­ti­spe­ciality group prac­tice, a 1.4 mil­lion-mem­ber health plan and a Medi­care Pi­o­neer ac­count­able care or­ga­ni­za­tion. The merger be­tween HealthPart­ners, based in Bloom­ing­ton, Minn., and Park Ni­col­let Health Ser­vices, based in nearby St. Louis Park, Minn., is expected to close Jan. 1, 2013, pend­ing reg­u­la­tory ap­proval. Though the sys­tems did not dub the deal a merger, the news re­lease said the trans­ac­tion would “unite the non-profit or­ga­ni­za­tions un­der a com­bined, con­sumer-gov­erned board of di­rec­tors.” No money is chang­ing hands in the deal, they said. HealthPart­ners Pres­i­dent and CEO Mary Brain­erd will be­come CEO of the new or­ga­ni­za­tion, which will be called HealthPart­ners and be based in Bloom­ing­ton. Dr. David Abel­son, pres­i­dent and CEO of Park Ni­col­let, will head the Park Ni­col­let HealthPart­ners Care Group, the new or­ga­ni­za­tion’s care de­liv­ery sys­tem.

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