July 31, 2023
M&A | Tea Leaves
  • Sanford Health and Fairview Health Services have called off their 58-hospital merger plans after multiple delays and opposition from “certain Minnesota stakeholders,” the former system announced Thursday evening. The deal was announced in November and would have yielded an organization employing nearly 80,000 people that, according to the nonprofits, would improve care quality, outcomes, patient experience, and equity across their home states. Originally set to close on March 31, it was bumped back to May 31 and then postponed indefinitely after requests from the Minnesota Attorney General for time to review the deal. (Article here)
  • London-based events firm Informa is exploring a deal to buy one of the largest health IT conferences, the Healthcare Information and Management Systems Society’s trade show (HIMSS). Informa Markets, a division of the business-to-business publishing and events company, announced it has exclusive rights to the HIMSS Global Health Conference and Exhibition, according to the company’s six-month financial report issued Thursday. In its report, Informa cites that the HIMSS conference is a “top 30 US Trade Show” that attracts 35,000 healthcare professionals from more than 90 countries each year, including physicians, nurses, analysts, government officials, investors, and technology partners. (Article here)