Minnesota Attorney General Lori Swanson is questioning a potential deal for South Dakota-based Sanford Health to take over Twin Cities-based Fairview Health Services, the Star Tribune reports.
Negotiations between the two health care providers are reportedly moving forward quickly. Fairview's board of directors is set to hold a retreat on April 8 to presumably discuss the rumored merger.
Swanson is partly concerned the acquisition would put the University of Minnesota Medical Center, which is now controlled by Fairview, in the hands of a company outside of Minnesota.
"Fairview is an integral part of our health care system and exists because of 100 years of goodwill, generosity and financial support of the people of Minnesota," Swanson said Tuesday, according to the Pioneer Press. "There should be significant public dialogue about any potential transfer of control of this century-old Minnesota charitable institution."
She plans to hold the first public hearing on the possible purchase at the State Capitol on April 7.
“I am troubled by the notion that a small group of people at Fairview and Sanford would conduct private discussions without the benefit of the public’s input regarding a matter of such sweeping consequences for Minnesota when it comes to control of the University health system, the quality of health care for our patients, and our state’s economy and international prestige,” Swanson said in a statement, Forum Communications reports.
Fairview has a net worth of about $1.2 billion and employs more than 20,000 Minnesotans.