Kennewick Public Hospital District, which owns Trios Health, announced the negotiations Sept. 12.
Marv Kinney, president of the KPHD board of commissioners, said the structure of a potential deal has not been finalized.
Trios Health filed for Chapter 9 debt reorganization in June and has since implemented several strategies to improve its financial health.
The health system has maintained a strategic collaboration with UW Medicine since 2015.
UW Medicine and RCCH HealthCare Partners also maintain a relationship. RCCH HealthCare owns a hospital within UW Medicine’s accountable care network, according to the Tri-Cities Area Journal of Business.
More articles on transactions and valuations:
Quorum finalizes deal to sell Illinois hospital, marking second divestiture this week
Hospital M&A activity update: Robust deal flow continues in 2017
Yale New Haven, Connecticut Children’s Medical Center table partnership talks
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