Skagit Regional Health gets green light to operate Cascade Valley Hospital and Clinics

Mt. Vernon, Wash.-based Skagit Regional Health has been given the go-ahead to lease and operate Arlington, Wash.-based Cascade Valley Hospital and Clinics, which includes a 48-bed hospital as well as five clinics and a free-standing surgery center, according to the Puget Sound Business Journal.

Advertisement

The state approved a certificate of need, allowing Skagit’s 30-year lease of CVHC to begin June 1.

“When you look at our collective system — we’ll have 16 clinics combined between us — it forms a nice geographic net over the region of Skagit and north Snohomish [counties],” Skagit Regional Health CEO Gregg Davidson told the Puget Sound Business Journal.

More articles on healthcare industry transactions:

Prime Healthcare completes purchase of hospitals in 4 states: 5 things to know
Larkin Community Hospital expands reach with $40M acquisition
26 hospital transactions and partnerships in January

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.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.