Minnesota Hospital Completes Nonprofit Conversion

A Minnesota-based hospital system had been operated for decades as a governmental entity, but found itself burdened by governmental restrictions and unable to efficiently adapt to and compete in the emerging healthcare market. Our firm's healthcare and nonprofit specialists guided the organization through a restructuring and conversion to a private, nonprofit organization with a more effective governance structure that included physicians, community stakeholders, patient advocates and health care experts, removing both the politics and statutory burdens from the system and facilitating partnerships with other providers in the region.