Agreement includes continued local governance
and management, ongoing community commitment and significant
capital investment in the region.
TACOMA,
Wash., May 21, 2024 /PRNewswire/ -- Overlake
Medical Center & Clinics and MultiCare Health System announced
today that they have signed an affiliation agreement emphasizing
their joint long-term commitment to deliver the highest quality,
most advanced health care to communities across Washington. Through this agreement, Overlake
and its network of clinics will comprise the new North Sound region
of MultiCare's statewide network and will be the North Sound
region's flagship health system.
"Overlake and MultiCare have a shared commitment to transform
health care in the region. This affiliation will enable both of our
organizations to grow and thrive," said Jason Thompson, chair of Overlake Medical Center
& Clinics Board of Trustees. "Overlake is an exceptional
organization, and this affiliation will allow us to sustain and
strengthen our 64-year commitment of providing care to our
community."
Together, these two well-regarded health systems will work to
expand local access to health care and invest in the communities
they both serve. This affiliation will provide opportunities for
Overlake and MultiCare to collaborate and integrate in ways that
will best enable both organizations to respond to health care
industry challenges and advance the quality of care they
collectively provide. Commitments outlined in the agreement will
create a combined strategic, financial, operational and clinical
platform that will better position the organizations to achieve
their goals.
Key details of the commitments include:
- Significant capital investment in the
region: Overlake and its network of clinics will comprise
the new North Sound region within MultiCare's statewide
network, reflecting Overlake's expanding regional service area
within King and Snohomish counties. The two organizations will
invest significantly to meet the growing health care needs of the
Eastside and North Sound communities. Together, the organizations
will provide ever greater access to the excellent clinical care for
which Overlake is known.
- Amplification of Overlake services: MultiCare has a
shared interest in growing Overlake's services in the new North
Sound region and maintaining their strong levels of clinical
performance. Overlake will retain its name and logo as the two
organizations work together to increase access to exceptional,
compassionate health care.
- Local leadership, medical staff and foundation:
Overlake's Board of Trustees, leadership team, medical staff
structure and local Foundation will remain. Overlake will continue
their unique local culture as a community institution, while
drawing upon the strengths of the affiliation. Any gifts made to
the Overlake Foundation will continue to support Overlake and the
community it serves.
- Sharing of resources and expertise through measured
integration: Overlake and MultiCare have opportunities to
learn from one another to better serve the health care needs in the
state of Washington.
"For more than six decades, Overlake Medical Center &
Clinics has served the Eastside and Puget Sound communities, and I
am confident that this is the right next step for our health
system," said J. Michael Marsh,
president and chief executive officer of Overlake Medical Center
& Clinics. "In fact, one of our reasons for pursuing an
affiliation with MultiCare was to ensure the ongoing fulfillment of
our mission for decades to come. As we move forward, we will be led
by our guiding principles that keep patient care and the local
community at the forefront."
"MultiCare's mission is partnering for healing and a healthy
future," said Bill Robertson, chief
executive officer of MultiCare. "In Overlake, we have found a
like-minded partner that shares our interests in advancing the
health status of King County and
beyond. We are excited for Overlake to join MultiCare's network of
12 hospitals and 300 clinics across the Pacific Northwest. We look
forward to the future we will create together and look forward to
welcoming them to the MultiCare family."
This transaction is subject to routine regulatory approval as
well as customary closing conditions with an anticipated closing
date in the second half of 2024.
To learn more, patients and the community can visit
OverlakeForward.org.
About Overlake Medical Center & Clinics
Overlake
Medical Center & Clinics is a nonprofit regional health care
system based in Bellevue, Wash.,
serving the Eastside community since 1960. The health system
includes a 349-bed hospital and a growing network of primary,
urgent and specialty care clinics located throughout the region.
Overlake is recognized locally and nationally for quality and
safety, including recurring Leapfrog A ratings, Healthgrades'
Patient Safety Excellence Award and recognition as a Best Regional
Hospital by US News & World Report in its Best Hospitals
2023-24 rankings. Overlake offers comprehensive advanced services,
including a dedicated Cancer Center, Level lll Trauma Center,
Childbirth Center and Level lll NICU, cardiac,
neurosciences, orthopedic and mental health services. Employing
more than 3,500 people, Overlake is dedicated to its mission of
compassionate care for every life we touch. Overlake
provided nearly $48 million in
charity care over the past three years and is committed to
providing exceptional patient care and services. For more
information, visit overlakehospital.org.
About MultiCare Health System
MultiCare Health System
is a not-for-profit health care organization that's been caring for
communities in Washington state
since the founding of Tacoma's
first hospital in 1882. With more than 23,000 team members,
including employees, providers and volunteers, we've grown from a
Tacoma-centric, hospital-based
organization into one of the largest community-based, locally
governed health systems in the state of Washington. Our comprehensive system of health
serves patients across the Pacific Northwest and includes a dozen
award-winning hospitals across the state of Washington, as well as numerous primary care,
virtual care, urgent care, pediatric care and specialty services,
including MultiCare Behavioral Health Network; MultiCare Indigo
Urgent Care; Mary Bridge Children's Hospital & Health Network
(named a "Top Children's Hospital" five times by The Leapfrog
Group, and home to the South Sound region's only Level IV NICU);
Pulse Heart Institute; MultiCare Connected Care, our accountable
care organization; and MultiCare Rockwood Clinic, the largest
multispecialty clinic in the Inland Northwest region. MultiCare
provided nearly $168 million in
charity care over the past three years and is committed to our
mission of partnering for healing and a healthy future.
Overlake Contact: MaryBeth
Dagg, Director of Marketing, Communications & Community
Engagement
p. 425-631-6611, marybeth.dagg@overlakehospital.org
MultiCare Contact: Lori Meyers, AVP, Corporate
Communications
p. 206-915-7384, lori.meyers@multicare.org
View original content to download
multimedia:https://www.prnewswire.com/news-releases/overlake-and-multicare-sign-affiliation-agreement-302151798.html
SOURCE MultiCare Health System