PeaceHealth and Providence Medical Group have announced that they have entered into a definitive agreement that will result in PeaceHealth acquiring four health clinics from Providence. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth.
The clinics are located in Vancouver, Washington in Clark County. The four clinic sites employ approximately 100 staff, including physicians, nurse practitioners, registered nurses, medical assistants, clinical care coordinators and patient service specialists. Across the sites, services provided include primary care, walk-in care and outpatient rehabilitation services.
Providence is a not-for-profit, Portland, Oregon-based health care organization providing primary and specialty care to thousands of patients each year at outpatient locations throughout the greater Portland area and Southern Oregon.
PeaceHealth is a nonprofit Catholic health system serving communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, a multi-specialty medical group practice with more than 1,200 physicians and providers, and nine medical centers in urban and rural communities throughout the Northwest.
Providence employees of the clinics will be offered comparable positions with PeaceHealth. The only service not transferring to PeaceHealth is Providence Mill Plain Occupational Medicine. Providence will work with those employees to identify opportunities within their other clinics in the Portland metro area.
Providence does not operate any acute hospital facilities in Clark County, Washington, nor does it offer a wide range of specialty care services in the area. By transitioning these outpatient care sites to PeaceHealth, patients in Clark County will gain increased access to a full spectrum of primary, specialty and hospital care services closer to home, without having to travel into Oregon.
The clinic acquisitions are expected to become final sometime in December 2024. At that time, the clinics will be renamed to reflect the PeaceHealth brand. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 39th health clinic transaction of the year. There were 39 health clinic acquisitions announced during 2023, and 25 announced during 2022.
