MOUNT VERNON - PeaceHealth leaders have requested a significant delay in moving forward on a strategic alliance with Skagit Regional Health because of their organization’s need to focus on internal performance and the higher than forecast costs associated with the installation of the Epic information technology system.
In response, the Skagit Regional Health board and administration have decided to modify the Letter of Intent to remove the exclusivity requirement. This means Skagit Regional Health can continue talks with PeaceHealth as appropriate, while also considering alternative options and possibly having discussions with other organizations. Specifically, Skagit Regional Health leaders will continue talks with PeaceHealth regarding efforts to potentially collaborate on cardiovascular services.
Skagit Regional Health will not be completing a term sheet or a definitive agreement with PeaceHealth this fall, as had been originally anticipated.
Skagit Regional Health will continue to advance health care in the region, including opening a new Orthopedic and Sports Medicine clinic in August.
“Skagit Regional Health is a strong, independent organization that will continue to move forward for the benefit of the patients and communities we serve,” said Chief Executive Officer Gregg Davidson. “We are in a solid financial position and our organization continues to evolve into a growing integrated health care delivery system, evidenced by the successful opening of our new Riverbend clinic.”
March 26, 2013: Release of Request for Proposals
August 29, 2013: Board decision to discuss strategic alliance with PeaceHealth.
September 27, 2013: Board approves Letter of Intent with PeaceHealth
September 2013 to present: Talks related to specific potential opportunities for a strategic alliance.
Contact: Gregg Davidson, FACHE, Chief Executive Officer, 360-814-2293
Kari Ranten, MHA, Director of Planning and Marketing, 360-814-2370