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Dakota Hospital Foundation signs investment agreement with Sanford Health

Mar 08, 2014 12:18PM ● By MED Editor
Dakota Hospital Foundation (DHF) in Vermillion, SD, and Sanford Health based in Sioux Falls, SD, has announced that Sanford Health will make a $12 million investment in Sanford Vermillion’s medical facilities over the next five years. The agreement also means Sanford Health will assume ownership for the infrastructure, including building projects and technology, at the conclusion of the project. 

Founded in 1930, DHF has dedicated itself to improving the health of people in the Vermillion area. Together with Sanford Vermillion Medical Center, DHF continues to dedicate itself to community health and wellness. Since 1989, the partnership has brought new facilities, new programs and new doctors to serve the Vermillion area’s health care needs.

“We are thankful for the long-standing relationship with Sanford Health and the opportunities this agreement presents,” said Susan Tuve, president, Dakota Hospital Foundation. “We are confident there are opportunities for continued growth and partnership to benefit the entire Vermillion area.”

 “The Dakota Hospital Foundation is truly committed to supporting local access to quality care for our citizens,”  said Timothy Tracy, CEO, Sanford Vermillion. “We are honored to continue to be their trusted partner.”

As part of the agreement, Sanford Health will remodel several areas of Sanford Vermillion before removing the 1935 building and replacing it with an expanded outpatient service center.  As this takes place, Sanford Health will continue to enhance available services and technology.

“This is a time of great change in health care, but also a time of great opportunity,” said Rick Giesel, president, Sanford Health Network. “Sanford Health is committed to the communities it serves, and we continually look at what medical services can be enhanced or added to the Vermillion community that are not already present.”