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Ascension to sell Idaho, Washington state hospitals

St. Louis-based Ascension Health will sell hospitals in Idaho and Washington state to Brentwood, Tenn.-based RCCH HealthCare Partners, the company created through the merger of Brentwood, Tenn.-based RegionalCare and Capella Healthcare, also in Brentwood, in May.

RCCH HealthCare will buy Pasco, Wash.-based Lourdes Health and Lewiston, Idaho-based St. JosephRegionalMedicalCenter. The hospitals signed definitive agreements to be acquired Wednesday.

For-profit RCCH said it plans to maintain the hospitals' faith-based heritages.

"Just as the staff of Lourdes and St. Joseph's have done for decades, our 14,000 employees and 2,000 affiliated physicians and mid-level providers are committed to providing outstanding community-based healthcare," said Marty Rash, Executive Chairman of RCCH HealthCare Partners. "We look forward to becoming part of the Pasco and Lewiston communities and living up to the trust that Ascension and these hospitals have placed in us. Our goals will include working together with healthcare professionals and community leaders, led by local boards that are 100 percent made up of community leaders and physicians, to ensure the continued provision of high-quality, compassionate healthcare and to expand and enhance services provided locally."

More articles on transactions and valuations:
Louisiana resumes talks with BRF hospital operator
Decatur County General Hospital, NorthCrest Medical Center affiliation approved
Bayer AG, Monsanto sign merger agreement

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