Sanford Health Expands Horizons with Marshfield Clinic Merger
Deal News | Apr 03, 2025 | EIN
Sanford Health CEO Bill Gassen discusses the successful merger with Marshfield Clinic Health System, marking one of the significant hospital mergers recently. The merger has led Sanford Health to expand into a system with $11 billion in revenue, operating 56 hospitals and over 200 clinics across the rural Midwest. Gassen notes the integration's progress, emphasizing cultural alignment between the two organizations as a core success factor. Sanford plans to invest $500 million over five years in Marshfield Clinic, which includes transitioning to Epic’s electronic health record system. Gassen envisions further growth with strategic partners focused on innovation and research, maintaining a commitment to providing world-class care in rural America.
Sectors
- Healthcare
- Information Technology
Geography
- United States – The article discusses entities based in the United States, specifically Sanford Health located in Sioux Falls, South Dakota, and Marshfield Clinic in Wisconsin.
- Midwest USA – The merger focuses on expanding healthcare services across the rural Midwest, serving states like South Dakota, North Dakota, Minnesota, Iowa, Wisconsin, and Michigan's Upper Peninsula.
Industry
- Healthcare – The focus of the article is on a merger between two major health systems, Sanford Health and Marshfield Clinic. It addresses topics related to hospital management, healthcare services, and health plans.
- Information Technology – Sanford plans to transition Marshfield Clinic's facilities to Epic's electronic health record system, highlighting the role of tech in modern healthcare systems.
Financials
- $11 billion – Revenue of the newly expanded Sanford Health system after the merger with Marshfield Clinic.
- $500 million – Investment by Sanford Health in improvements to Marshfield Clinic over the next five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sanford Health | Acquiring Company | Company | A large health system based in Sioux Falls, South Dakota, operating hospitals and clinics across the Midwest and offering health plans. |
| Marshfield Clinic Health System | Target Company | Company | A major health provider based in Marshfield, Wisconsin, known for its physician leadership and innovation with a strong presence in rural healthcare. |
| Bill Gassen | CEO of Sanford Health | Person | The president and CEO of Sanford Health, overseeing the merger with Marshfield Clinic and strategic future growth. |
| Epic Systems Corporation | Technology Supplier | Company | A company providing electronic health record systems, involved in installing their system in Marshfield Clinic's facilities as part of the merger integration. |
| Brian Hoerneman | CEO of Marshfield Clinic Region | Person | Serving as president and CEO of the Marshfield Clinic region within Sanford Health following the merger. |