North Memorial Health today announced its full ownership agreement of Maple Grove Hospital following the expected purchase of the final 25% stake from Fairview Health Services. The transaction will close on or before May 2, 2022. The new ownership structure supports North Memorial Health’s vision to create a comprehensive modern medical campus to meet the growing needs of Maple Grove and the northwest metro communities.
“We’ve had a positive, successful partnership with Fairview Health Services through the years,” said J. Kevin Croston, MD, Chief Executive Officer, North Memorial Health. “This was a joint decision that is right for both organizations and we look forward to continued collaboration in other areas.”
“Today’s announcement gives both organizations the ability to target investments in places that help us best serve patients,” said Hayes Batson, Chief Financial Officer, Fairview Health Services. “This transaction does not change our steadfast dedication to serving and caring for the residents in the northwest metro area.”
North Memorial Health’s future plans for Maple Grove Hospital focus on expanding customer care capacity for the rapidly growing community, especially in the areas of emergency, imaging and in-patient services. Since opening 12 years ago, Maple Grove Hospital has become the largest birthing center in the state and continues to receive the Press Ganey Guardian of Excellence Award for overall inpatient experience.
“This is an exciting step forward toward expanding the Maple Grove campus to empower customers to achieve their best health, while also keeping families close to home,” said Andy Cochrane, Chief Hospital Officer, North Memorial Health. “We are committed to providing the same high level of care and quality our customers expect throughout the transition and into the future.”
About North Memorial Health
At North Memorial Health, we are on a mission to change healthcare. We’re delivering unmatched customer service and empowering our customers throughout the Twin Cities to achieve their best health. North Memorial Health provides access to high-quality, low-cost care throughout the Twin Cities through its medical transportation services and two hospitals – North Memorial Health Hospital and Maple Grove Hospital. North Memorial Health Clinics which include primary care, specialty care and hospice are part of a joint venture with Blue Cross and Blue Shield of Minnesota that is transforming the healthcare experience for consumers. Across the North Memorial Health system, 900+ doctors and 5,000+ team members are dedicated to delivering a more connected experience for our customers.