The two organizations began partnership talks in 2014 and signed a letter of intent to affiliate in October of that year. At that time, Yakima Valley Memorial and Virginia Mason said their goals for the partnership were to increase access to healthcare, improve patient satisfaction, advance physician recruitment and expand their financial, clinical and information systems.
With the deal approved by the FTC, integration teams from both hospitals are laying out plans to guide the affiliation process over the next several months, according to the report.
More articles on healthcare industry transactions:
Trinity Health expands network in Connecticut
LifePoint completes purchase of financially troubled Georgia hospital
Tenet completes joint venture with Baylor Scott & White to own 5 Texas hospitals
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
