The agreement between the private health system, which operates 1,245-bed Swedish Medical Center in Seattle, and the public facility will be the first of its kind approved by the state, according to the report.
As part of the 30-year arrangement, Swedish will pay $600,000 per month to lease the facility from Public Hospital District No. 2 of Snohomish County and oversee its daily operations.
The arrangement is set to go into effect on Sept. 1.
Read the Seattle Times report on Swedish Health Services.
Read more coverage on Swedish Health Services:
– Stevens Hospital Receives $6M Annually for Community Programs From Swedish Merger
– Seattle-Area Hospital Continues to Fight Planned Hospital, Even After Groundbreaking
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