EvergreenHealth and Valley General Hospital have announced the intent to form a new affiliation that will give Snohomish County residents more choices and access to the integrated, high-quality services offered by EvergreenHealth and its partners Virginia Mason Medical Center and Seattle Cancer Care Alliance.
Valley General Hospital’s Board of Commissioners voted unanimously last week to approve a Letter of Intent (LOI) to enter into an agreement which would make Valley General Hospital an affiliate ofEvergreenHealth.
The EvergreenHealth Board of Commissioners is expected to review and approve the LOI in its board meeting scheduled for Tuesday, Oct. 2.
Under the terms of the LOI, both organizations will remain independent and separately governed, licensed and accredited. The organizations expect to complete due diligence and finalize the affiliation agreement by the end of the year.
Neither organization foresees any reduction in staff as a result.
The LOI calls for EvergreenHealth and Valley General to collaborate to provide expanded health care services in Monroe, beginning with EvergreenHealth developing a primary-care practice in the Sky River Medical Office Building in Valley General space.
Both EvergreenHealth, based in Kirkland, and Valley General, which serves Snohomish County from Monroe, operate as tax-supported community-based organizations with similar financial structures.
The affiliation enables EvergreenHealth to improve Valley General’s current position with additional resources from EvergreenHealth, including its executive team and network of 900 providers.
“Medical centers around the country are facing tough economic challenges, many of which hit hospitals in smaller communities the hardest,” said EvergreenHealth CEO Bob Malte. “This affiliation is one step to help address these financial hurdles and to help keep health care widely available and affordable to those we’re committed to serve.”