After finalizing their merger, Vancouver, Wash.-based Southwest Washington Medical Center and Bellevue, Wash.-based PeaceHealth will create a non-profit health system with approximately $2 billion in revenues according to a Columbian report.
The merging process began in March, when leaders off both non-profit systems began negotiations. PeaceHealth will move its corporate headquarters to Vancouver, bringing 340 jobs into the area. Southwest employs more than 3,000 people.
The deal is being reviewed by the U.S. Federal Trade Commission, the state Attorney General’s Office and the state Insurance Commissioner’s Office.
Read the Columbian report on the merger between Southwest Medical Center and PeaceHealth.
Read about other hospital and healthcare system mergers:
–Three South Carolina County Hospitals Consider Partnership to Develop Regional Health System
–FTC Approves Merger of Two Hospitals With West Virginia United Health
–Three Children’s Hospital Associations to Merge
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