Two Providences seek merger; Deal would create Pacific Northwest powerhouse.(The Week In Healthcare)(Column)

Modern Healthcare, October, 2005 by Benko, Laura B.

Byline: Laura B. Benko

Seattle-based Providence Health System is considering a merger with Providence Services, Spokane, Wash., in a nonmonetary deal that would create the largest not-for-profit hospital system based in the Pacific Northwest and the sixth-largest Roman Catholic system nationwide.

The companies, both of which are sponsored by the order of the Sisters of Providence, have established joint planning teams to conduct due diligence and explore whether a merger would make sense. Their boards of directors plan to meet in December to review the findings and make a final decision.

The combined organization would have almost $6 billion in assets, 45,000 employees and 27 hospitals with a total of 5,171 acute-care beds in Alaska,...

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