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Article: Big Seattle merger seeks consolidation.(Swedish Medical Center, Providence Health System-Washington)(Brief Article)
- Article from:
- Modern Healthcare
- Article date:
- March 6, 2000
- Author:
CopyrightCOPYRIGHT 2000 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Two of Washington state's largest hospital systems, Swedish Medical Center and Providence Health System-Washington, are joining forces in an effort to hold down costs, enhance technologies and recruit new talent in an increasingly tight labor market.
The deal also would place under common control more than half of Seattle's nonfederal staffed acute-care beds.
In an agreement announced last week, the two Seattle-based not-for-profits will create a separate, jointly owned company to consolidate administrative tasks and develop new community healthcare services. The hospitals also plan to pool resources to purchase medical equipment and information systems. ...