January 23, 2018, Lois Bowers, McKnight's Senior Living - One of the country's largest senior living operators may be on the verge of getting even bigger in an effort to meet the challenges of an era of “unprecedented change” in healthcare. Talks are progressing between the Evangelical Lutheran Good Samaritan Society and Sanford Health.
Evangelical Lutheran Good Samaritan Society, the second-largest overall not-for-profit senior living operator in the country, and Sanford Health, one of the largest healthcare systems in the country, first announced that they were exploring a possible merger in November.
“After more than a month of dialogue and careful consideration, we are pleased to report that these discussions have been both positive and productive,” Good Samaritan President and CEO David J. Horazdovsky and Sanford President and CEO Kelby Krabbenhoft said Thursday in a letter to employees.
Horazdovsky and Krabbenhoft said they are co-chairing a committee that will develop a single mission statement and covenant that will be presented to the boards of both organizations later this month.
“Pending the boards' approval to continue exploring this opportunity, the next step in this process is the development of synergy teams comprised of key executives, physicians and clinical leaders, operational and communications leadership from Sanford and the Society,” they added. “These teams will begin meeting early next month to develop the structural framework of our relationship and define how our organizations could come together collectively, to meet the needs of more people, in even greater ways.”
Good Samaritan confirmed in a statement ........ CLICK HERE TO READ MORE