San­ford Health, Good Samaritan So­ci­ety com­plete merger

Modern Healthcare - - Regional News - —Alex Kacik

San­ford Health and the Evan­gel­i­cal Lutheran Good Samaritan So­ci­ety com­pleted their merger last week.

San­ford, which has 44 hos­pi­tals, more than 1,400 physi­cians and 28,000 em­ploy­ees, adds Good Samaritan and its 200-plus post-acute, skilled­nurs­ing, hospice, as­sisted-liv­ing, re­ha­bil­i­ta­tion and home-health fa­cil­i­ties to its net­work, along with Good Samaritan’s 19,000 em­ploy­ees. Their com­bined foot­print spans 26 states.

The com­bi­na­tion of the Sioux Falls, S.D.-based not-for-prof­its earned the nec­es­sary govern­ment ap­provals in Au­gust. Merger talks be­gan in late 2017, when they started map­ping out the in­te­gra­tion process and growth op­por­tu­ni­ties, ex­ec­u­tives said.

David Ho­raz­dovsky re­mains CEO of Good Samaritan and has joined San­ford’s cor­po­rate lead­er­ship team. Randy Bury has tran­si­tioned to pres­i­dent of Good Samaritan from his pre­vi­ous role as San­ford’s chief ad­min­is­tra­tive of­fi­cer.

The merger’s close is the lat­est trans­ac­tion in an ac­tive post-acute sec­tor as or­ga­ni­za­tions and in­vestors look to cap­i­tal­ize on the huge num­ber of ag­ing baby boomers. Co­or­di­nat­ing care af­ter pa­tients leave the hos­pi­tal is a key strat­egy for health sys­tems that want to avoid health com­pli­ca­tions that can bring read­mis­sion penal­ties.


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