Columbian: PeaceHealth, CHI suspend negotiations over forming partnership
From today’s Vancouver Columbian:
PeaceHealth, CHI suspend negotiations over forming partnership
By Aaron Corvin
Columbian Staff Reporter
Wednesday, April 3, 2013
Vancouver-based PeaceHealth and Catholic Health Initiatives said today that they’ve suspended discussions about forming a partnership to create a vast new regional health care network in the Pacific Northwest.
PeaceHealth, Clark County’s top private employer, had signed a nonbinding agreement with Colorado-based CHI in mid-August to pursue a 50-50 venture intended to boost both organizations’ ability to expand and to provide more care to growing populations.
But the two health-care giants “were unable to develop an integrated model that would provide the desired benefits and serve the best interests of both organizations,” both organizations said in a joint news release. “CHI and PeaceHealth will remain actively engaged in exploring other opportunities to work together to strengthen their respective ministries in the Pacific Northwest.”
PeaceHealth operates PeaceHealth Southwest Medical center in Vancouver.