Highline Medical Center in Washington State Sells Specialty Campus, Seeks Partner

Highline Medical Center in Burien, Wash., is selling its Tukwila (Wash.) Specialty Campus and negotiating a partnership with another hospital organization, according to a Puget Sound Business Journal report.

Advertisement

According to the report, Highline Medical is selling the Tukwila campus to Franklin, Tenn.-based Acadia Healthcare, a national provider of psychiatric and chemical dependency services.

In addition, Highline Medical is talking with other hospital groups about a partnership. According to the report, the hospital has been struggling financially, having lost $18 million in 2011. The names of the potential hospital group partners were not disclosed.

More Articles on Hospital Transactions:

Capella Healthcare, Saint Thomas Health Restructure Management for New Partnership
4 Important Areas of Board Education Before a Hospital Transaction
Sanford Health, Medcenter One Merger Passes Antitrust Review

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.