Spokespeople from both institutions told the Northwest Herald the parties are in the due diligence process of finalizing the merger, which is subject to regulatory approval.
Officials said there is no financial component to the merger.
If approved, the deal would create a 10-hospital system. The institutions signed a letter of intent to explore an affiliation in April 2016.
More articles on transactions and valuations:
CHI Franciscan, MultiCare form JV to build Washington behavioral health hospital
Western Connecticut Health debunks merger rumors with Northwell
The 3 most-read transactions and valuations stories this week
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