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
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.