Fairview Health Services and the University of Minnesota Physicians are in merger talks, according to the Star Tribune.
The two groups are heavily connected already, but a merger would simplify operations and allow it to be more competitive with other local powerhouses Essential Health, Sanford Health and Mayo Clinic. The board of regents for the University was to meet and discuss the proposal on Friday, but as of this writing no other details have been made available.
David Page, Fairview’s CEO from 1998 to 2007, told the Star Tribune that bringing the two organizations together has been a consideration for some time, because separately they spend “inordinate amounts of time fighting over nickels and dimes that don’t add up to the progress of the organization.”
Fairview Health rescued the University of Minnesota’s failing hospitals two decades ago, which led to the groups working together, according to the report.