Mayo Clinic expands territory with acquisition of Fairview facilityRochester-based Mayo Clinic announced Thursday that it has reached a tentative deal to acquire Fairview Red Wing Health Services in Red Wing, Minn.
By: Forum Communications, Associated Press
RED WING, Minn. — Mayo Clinic is expanding its territory.
Rochester-based Mayo announced Thursday that it has reached a tentative deal to acquire Fairview Red Wing Health Services in Red Wing, Minn.
Details of the acquisition must still be finalized, but, Mayo expects to assume operation of Fairview by July 1.
Thursday’s announcement ended months of speculation as the community awaited word on negotiations between Fairview Red Wing, Fairview Health System and Mayo Clinic. Officials signed the agreement Thursday morning, told staff in person and via videostreaming at aboutnoon, and then made a public announcement shortly after 1 p.m.
“There was enthusiasm and, I think, a bit of relief on the part of our organization to finally be able to have clarity on the future direction,” Fairview Red Wing CEO Scott Wordelman said of staff reaction. “It really does create an excitement for a very, very bright future for health care in Red Wing. You could read that in the body language.”
Wordelman said discussions focused on the best way to provide comprehensive care to the communities in and around Red Wing. He said aligning the regional health care system with Mayo Clinic is the best way to do that.
Mayo and Fairview Red Wing have a long relationship of working together. Doctors often move back and forth, particularly between Red Wing and Mayo's facilities in Lake City and Cannon Falls.
No financial terms of the deal were disclosed.
The expansion of regional health systems is an issue in Northeastern Minnesota, too, as Essentia Health and several community hospitals - Virginia Regional Medical Center, for one - have talked about merging.