Overlake Medical Center & Clinics and MultiCare Health System announced Tuesday that they've signed an affiliation agreement.
Overlake Medical Center & Clinics and MultiCare Health System announced Tuesday that they've signed an affiliation agreement. The agreement aims to emphasize their joint long-term commitment to deliver "the highest quality, most advanced health care to communities across Washington .
" In the agreement, Overlake and its network of clinics will make up the new North Sound region of MulitCare's statewide network and will be the 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. The affiliation will provide opportunities for Overlake and MultiCare to collaborate and integrate in ways that will best enable both organizations to respond to healthcare industry challenges and advance the quality of care that they both provide. Overlake Medical Center said that commitments outlined in the agreement will create a combined strategic, financial, operational, and clinical platform that will hopefully position the organizations to achieve their goals.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.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. Before the agreement is finalized, the transaction will be subject to regulatory approval and other closing conditions.
Multicare Affiliation Health Care Washington Commitment Region Community
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