SPOKANE, Wash. – Rockwood Health System, a multi-specialty physician practice that includes Deaconess and Valley Hospitals and Rockwood Clinic here in Spokane, has been acquired by MultiCare Health System officials announced Thursday.
MultiCare Health System is similar to Rockwood Health System in how they are a community-based care system. The CEO of MultiCare, Bill Robertson, said together they will be able to contribute to the health and vitality of those in Spokane and across the state. MultiCare was first formed back in 1882 as Tacoma, Washington's first hospital, according to the MultiCare website.
Officials said the purchase is beneficial because Spokane serves as a health care service hub for the 1.5 million people in the region – comprising of eastern Washington, northern Idaho, and western Montana.
Officials with MultiCare said bringing in Rockwood will allow them to become the largest community-based, locally-governed health system in the state.
The transaction is expected to be completed in the first quarter of 2017.
Rockwood Health System will become part of MultiCare’s integrated not-for-profit health care system, which includes four acute-care adult hospitals, one acute-care children’s hospital, and a robust network of community-based primary, specialty and urgent care facilities.