PeaceHealth, Ocean Beach merger agreement delayed

PeaceHealth, based in Vancouver, Wash., and Ilwaco, Wash.-based Ocean Beach Hospital and Medical Clinics now expect to complete a draft partnership agreement in November or December, according to a report from The Daily News.

Advertisement

PeaceHealth already provides management and support services to the fiscally struggling hospital but has no financial stake in Ocean Beach’s operations. The health system and hospital originally expected to have a draft agreement concerning an expanded partnership ready in July but have delayed the decision in order to ensure their healthcare philosophies sync up, PeaceHealth spokesman Tim Strickland told the News.

PeaceHealth and Ocean Beach originally announced in July that they were beginning discussions to expand their partnership.

More articles on hospital partnerships:
Massachusetts AG to renegotiate Partners HealthCare agreement
3 recent hospital transactions and partnerships  
Duke LifePoint finalizes Conemaugh acquisition

 

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.