Sanford Health will be the primary beneficiary of Denny Sanford’s estate, and the system will invest $500 million in Minnesota health care facilities following a proposed merger with Fairview Health Services. Those were among the details shared with Minnesota legislators in a letter sent today from Sanford CEO Bill Gassen and Fairview Health Services CEO James Hereford. The cover letter was sent along with the systems’ letter of intent to merge, which was signed last September. It includes information about a “strategic capital investment” of $500 million from the combined system into hospitals and facilities in Minnesota communities currently served by Fairview. “This investment reflects our foundational commitment to ensuring increased access to health care for Minnesotans for generations to come,” the letter said. Additionally, the letter references “Cornerstone Commitments” between Sanford Health and Denny Sanford, who has donated nearly $1.5 billion to the health system since 2004. “In addition to this unprecedented financial support during his lifetime, Mr. Sanford has also declared his legacy giving intentions that Sanford Health will be the primary beneficiary of his estate,” the letter said. The Cornerstone Commitments function as a promise to Denny Sanford that reflect the intention of his support, the […]
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