Providence officials said they intend to convert the four vacant buildings into multipatient outpatient facilities with primary care, speciality clinics, urgent care and other services, according to the report.
The health system did not disclose the financial terms of the agreement during its announcement March 22, but said the transition of various services will begin as soon as late summer or early fall 2018, according to the report.
Providence also reportedly applied for a certificate of need from the Washington State Department of Health to establish an outpatient surgery center at the former hospital, Union-Bulletin.com reports.
More articles on transactions and valuations:
Advocate, Aurora Health Care merger clears final regulatory hurdle
New anesthesiology provider for Atrium Health says physicians won’t see job cuts
California AG approves Adventist, Rideout Health affiliation
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.