June 29, 2018 Source: Health Leaders Media 202
Sanford Health, a healthcare delivery system, acquired the Evangelical Lutheran Good Samaritan Society, a senior healthcare services provider for an undisclosed amount. Both South Dakota based healthcare providers announced the merge to form a $6 billion company with 47,000 employees nationwide.
David J. Horazdovsky, president and CEO of the Good Samaritan Society, said: "By bringing the expertise of the professionals at the Society together with the healthcare experts at Sanford, not only will there be benefits for those we serve but also the organizations are stronger together".
After the acquisition, Horazdovsky will remain as president of Good Samaritan.
“The new merge will become a national model to serve communities with exceptional care and value through the full spectrum of one's life,” said Sanford CEO and President Kelby Krabbenhoft.
Sanford has 28,000 employees in nine states that provide clinic, hospital and health insurance services and Good Samaritan has 19,000 employees in 24 states providing senior care services. The Good Samaritan acquisition develops Sanford's fast-growing footprint into 200 senior care services locations across the nation. For Good Samaritan, the deal will give some reassurance from a declining patient census and budget deficits.By Ddu
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