Englewood, Colo.-based Catholic Health Initiatives and Vancouver, Wash.-based PeaceHealth have signed (pdf) a nonbinding letter of intent to create a regional healthcare system.
The partnership will combine seven CHI hospitals in Washington and Oregon with nine PeaceHealth hospitals in Washington, Oregon and Alaska to create the integrated health system with nearly 26,000 employees and approximately 950 employed physicians. According to the release, the size and scale of the new organization will allow it to form additional collaborations and networks of care to increase access to high-quality health services while reducing costs.
Leaders of CHI and PeaceHealth expect to form the new system before June 30, 2013, after completing the due diligence and approval process. The two organizations will be equal partners in the healthcare system, according to the release.
Hoag Memorial Hospital Presbyterian, St. Joseph Health Plan to Affiliate
The partnership will combine seven CHI hospitals in Washington and Oregon with nine PeaceHealth hospitals in Washington, Oregon and Alaska to create the integrated health system with nearly 26,000 employees and approximately 950 employed physicians. According to the release, the size and scale of the new organization will allow it to form additional collaborations and networks of care to increase access to high-quality health services while reducing costs.
Leaders of CHI and PeaceHealth expect to form the new system before June 30, 2013, after completing the due diligence and approval process. The two organizations will be equal partners in the healthcare system, according to the release.
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