Health systems Sanford Health, Fairview Health plan to merge

Sanford Health and Fairview Health Services in Minneapolis have agreed to merge, creating a hospital system with about $14 billion in annual revenue, Healthcare Dive reports. The combined entity will be named Sanford Health and current Sanford Health CEO Bill Gassen will serve as president and CEO. Fairview Health Services CEO James Hereford will serve as co-CEO for a year after the deal closes.