As part of the deal, Swedish Health Services, which operates 1,245-bed Swedish Medical Center in Seattle, would spend $90-$150 million on investments and improvements, such as implementation of an electronic medical record system.
The 217-bed, county-run hospital had been running deficits for years, but in 2009 Stevens logged its best financial year ever, with operating profits of $11.5 million.
Read the Herald‘s report on Swedish Health Services.
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