Marshfield Clinic Health System and Sanford Health headquartered in Sioux Falls, South Dakota, signed an affiliation agreement to combine their assets and capabilities to create an integrated health system.
The organizations announced in July they had signed a letter of intent to combine by the end of the year pending regulatory approval.
Marshfield operates facilities in Wittenberg, Niagara and Florence in Northeastern Wisconsin as part of its network of 60 clinics and 11 hospitals in Wisconsin and the Upper Peninsula of Michigan. Sanford has 45 hospitals, 211 clinics and 160 senior living facilities in South Dakota, North Dakota, Iowa and Minnesota.
The combined system will bring together nearly 56,000 employees, 56 hospitals, 4,300 providers, two fully-integrated health plans, specialty pharmacies and nationally-recognized research institutions.
Utilizing each organization’s respective health plan, Sanford Health Plan and Security Health Plan, will allow the fully integrated system to serve more than 425,000 members.
Upon finalization of the combination, the name of the parent company will be Sanford Health, with system headquarters in Sioux Falls, South Dakota. Marshfield Clinic Health System will be a region within Sanford Health and maintain regional leadership with its flagship medical campus in Marshfield, a regional board of directors, a regional physician executive council and regional brand presence. Sanford Health president and CEO Bill Gassen will serve as president and CEO of the combined system. Marshfield Clinic Health System interim CEO, Brian Hoerneman, M.D., will serve as president and CEO of the Marshfield Clinic Health System region.
Sanford Health and Marshfield Clinic Health System remain two separate, independent organizations until the closing.
