The University of Minnesota and its medical school announced a vision Thursday to acquire the Twin Cities facilities currently owned by Fairview Health Services.

The news comes as Fairview and Sioux Falls-based Sanford Health pursue a merger, first reported by The Dakota Scout in November.

The university’s plan is part of a broader vision for a campus that would include a new hospital. The vision, called MPact Health Care Innovation, would require state funding.

“We know health care is changing rapidly along with the needs and expectations of patients at home and around the globe,” U of M President Joan Gabel said in a statement. “With great inspiration from Minnesota and with insights from university researchers, faculty, physicians and health care professionals, the MPact Health Care Innovation vision is a once-in-a-lifetime opportunity to channel our unique ability to elevate our state, improve the lives of all Minnesotans and position Minnesota as a global leader for the next century.”

SIOUXFALLS.BIZ: University of Minnesota announces plan to buy back medical center in Sanford-Fairview merger

NEWS: Sanford Health in merger negotiations with Minnesota-based Fairview