CHICAGO – The merger of HealthPartners Inc. with Park Nicollet Health Services won’t have an immediate impact on the credits of either system. as no change is expected in the obligated group backing each organization’s debt, Standard & Poor’s said in a report this week.
The two Minnesota systems announced last week the signing of an agreement to combine operations and oversight boards in a union considered the most significant in the competitive local health care market in years. It could also spawn mergers similar to what has occurred in other major markets as systems seek a competitive edge while grappling with federal reforms and capital challenges. The merger still requires state and federal approval. If cleared, it would take effect in January.