Fairview Rejects the University’s Offer to Acquire Fairview’s Share of the CSC Joint Venture

March 12, 2025

I wrote to you last week with news that the University offered to acquire Fairview’s 50% interest in the Clinics and Surgery Center Joint Venture (CSC JV). Unfortunately, Fairview rejected our offer without engaging in a discussion with us and without a counter-proposal.

You may read about this back and forth in the news. From my perspective, here’s what you should know:

  • While Fairview is stepping back from the CSC, the University is stepping forward. We are committed to you, to your patients, and your practice.
     
  • We acted in good faith, following the terms of the relevant CSC JV agreements when making our offer. We look forward to Fairview’s engagement and due diligence as part of our negotiation process. And of course, everything we do will continue to best serve patients and the public good.
     
  • Our offer to assume Fairview's 50% ownership of the CSC JV reflects our goal of ensuring continuity of care for our patients, and the University’s commitment to medical and health education for our state. Fairview’s failure to advance discussions to avoid dissolution of the CSC JV left the CSC JV and the patients it serves in jeopardy without University intervention.
     
  • Interdependence is critical. Working together, we can accomplish things we can’t do on our own. The all-Minnesota solution we’ve proposed in partnership with Essentia Health, which would include the CSC, is that transformative, interdependent approach. It continues to be the best option to maximize the benefits of the University’s teaching, training, and research missions, so together we can overcome Minnesota’s most pressing healthcare challenges.
     
  • While there are multiple moving parts, we remain squarely focused on providing stability for our healthcare teams, advancing our academic medicine mission, and ensuring continuity of care for our patients.
     

Fairview is an important partner and we will continue to invite them into conversation. We will keep you updated on our progress. 

Sincerely,

Gregg Goldman
Executive Vice President for Finance and Operations