The hospice group will be renamed Providence Hospice of the Gorge. Under the agreement, Providence will transfer funds to Providence Hood River Memorial Hospital Foundation to create a hospice fund.
The deal expands Providences post-acute care offerings. Many hospitals around the country are looking to acquire hospice and home health groups in response to healthcare reform legislation, which includes a Medicare demonstration pilot for accountable care organizations.
Read the Portland Business Journal report on Providence Health & Services.
Read more coverage on Providence Health & Services:
– Two Washington State Cardiology Groups Merge With Providence Health & Services
– Oregon Hospital Receives Okay to Move Ahead With Merger
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