Allina Health agrees to Sutter acquisition

Allina would keep its brand and Minneapolis headquarters, with Lisa Shannon remaining president and CEO, according to a press release.

• It expects a closing by the end of 2026, pending regulatory approvals.

Between the lines: Allina has lost money in the last four years, but officials told the Star Tribune that the deal is not a rescue.

• They said it's not about cutting, but rather a way for the system to grow.

The other side: SEIU chapters representing Allina workers called on Minnesota Attorney General Keith Ellison to provide "all appropriate inquiry and oversight."

• "Increased consolidation and out-of-touch, overpaid executives have too often moved us backward in recent years," the labor union argued.

What we're watching: The two nonprofits said they plan to invest $2 billion in Minnesota and western Wisconsin on new outpatient clinics, expanded specialty institutes, technology upgrades and research and clinical trials.