MultiCare signs agreement with LifePoint Health to acquire hospital in Olympia
MultiCare Health System announced Wednesday that they had reached an agreement with an affiliate of LifePoint Health to acquire an ownership interest in Capital Health Center in Olympia.
MultiCare hopes that the acquisition of the 107 bed hospital will help them expand their ability to meet the health care needs of the people of the Puget Sound Region. Capital Health Center, which will be renamed to MultiCare Capital Health Center, will join MultiCare’s hospital and clinic network.
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MultiCare is the largest community-based locally governed health care system in the state of Washington. The MultiCare network includes 10 hospitals, including Mary Bridge Children’s Hospital and MultiCare Tacoma General Hospital, and also includes primary, specialty, and urgent care systems.
“Capital Medical Center is an important part of the Thurston County community, and we are looking forward to working with the employees and providers in the area to improve the health of the South Sound region,” said Bill Robertson, President and CEO of MultiCare Health System, in a statement. “MultiCare has been in Thurston County for 30 years and adding Capital Medical Center to our family is the natural next step in our journey to expand access to care and services. Together, we will contribute to the health and vitality of the community in Thurston County and across Washington state.”
LifePoint Health, a Tennessee based health care system, owns four other hospitals in Washington, two in Kennewick, one in Pasco, and one in Richland. LifePoint also maintains a partnership with UW Medicine in the Pacific Northwest.
Capital Medical Center opened in 1985 and serves Olympia, as well as Thurston, Mason, Lewis, and Grays Harbor counties. The hospital has 700 employees and serves approximately 5,000 inpatients and 25,000 outpatients each year.
MultiCare said in a press release that there should be no disruptions to care, and patients will have access to providers they trust during the transition period.
“MultiCare is a growing regional system that shares our team’s commitment to providing high quality care close to home,” said Mark Turner, FACHE, chief executive officer of Capital Medical Center, in a statement. “Strong, regional networks are vital in today’s healthcare landscape, and we are excited about the prospect of becoming part of the MultiCare family. Together with the MultiCare team, we have great opportunities to ensure additional access to important medical services and further advance the delivery of care across our region.”