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Our history goes back to 1960 when Dakota Medical Foundation was founded to promote research, education and charity, and to maintain and operate Dakota Hospital in Fargo, N.D. The hospital's board of directors, much like Dakota Medical Foundation's board today, consisted of physicians as well as community leaders.
In 1994, Dakota Hospital formed a 50-50 joint venture partnership with Champion Healthcare Corporation and renamed the entity Dakota Heartland Health System. With the formation of this partnership, the former Dakota Hospital ceased to exist and the for-profit hospital, Dakota Heartland, was born. As the nonprofit partner, Dakota Medical Foundation became one of nearly 200 healthcare "conversion" foundations that emerged nationally during the late 1980s and early 1990s.
In 1998, the Foundation exercised its option to ask its partner, now named Paracelsus Healthcare, Inc., to purchase its share of the partnership for $64.5 million. The purchase was completed and as a result, Dakota Medical Foundation is no longer affiliated with a hospital, but is an independent grantmaking organization that invests in projects designed to improve health and access to healthcare.
Since its inception in 1995, the Foundation has invested nearly $35 million in grants to 319 organizations to measurably improve the health of people in our region.
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