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SALT LAKE CITY – The proposed merger between Utah’s Intermountain Healthcare and Sanford Health has been canceled.
Sanford Health officials announced on Friday that the merger deal had been “indefinitely suspended”.
Intermountain Healthcare would have acted as the parent company in the merger, although Sanford would have retained the name in some medical facilities.
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The move comes barely a week after longtime Sanford President and CEO Kelby Krabbenhoft stepped down after 25 years.
In a statement, officials at Sanford, based in Sioux Falls, said the decision had been made to focus on other organizational needs.
“With this change in leadership, it’s an important time to refocus our efforts internally as we assess the future direction of our organization,” said Bill Gassen, incoming President and CEO of Sanford. “We continue to prioritize caring for our patients, employees and the communities we serve as we seek to shape our path.
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Governor Gary Herbert helped facilitate merger talks when he introduced Krabbenhoft to Intermountain CEO Dr Marc Harrison in the spring.
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