Catholic Health Initiatives, PeaceHealth to Form Regional Healthcare Network

Englewood, Colo.-based Catholic Health Initiatives and Vancouver, Wash.-based PeaceHealth have signed (pdf) a nonbinding letter of intent to create a regional healthcare system.

Advertisement

The partnership will combine seven CHI hospitals in Washington and Oregon with nine PeaceHealth hospitals in Washington, Oregon and Alaska to create the integrated health system with nearly 26,000 employees and approximately 950 employed physicians. According to the release, the size and scale of the new organization will allow it to form additional collaborations and networks of care to increase access to high-quality health services while reducing costs.

Leaders of CHI and PeaceHealth expect to form the new system before June 30, 2013, after completing the due diligence and approval process. The two organizations will be equal partners in the healthcare system, according to the release.

More Articles on Hospital Partnerships:

Jefferson Regional Medical Center to Join Mercy in Missouri
Hoag Memorial Hospital Presbyterian, St. Joseph Health Plan to Affiliate

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.