As­cen­sion plans sale of two hos­pi­tals to Capella

Modern Healthcare - - REGIONAL NEWS - —Adam Ruben­fire

As­cen­sion in­tends to sell two of its Pa­cific North­west hos­pi­tals to for­profit Capella Healthcare.

As­cen­sion, the St. Louis-based par­ent com­pany of As­cen­sion Health, one of the na­tion’s largest health sys­tems, plans to sell Lour­des Health Net­work, a sin­gle-hos­pi­tal sys­tem in Pasco, Wash., and St. Joseph Re­gional Med­i­cal Cen­ter in Lewis­ton, Idaho. The deal would ex­pand Franklin, Tenn.-based Capella’s cur­rent port­fo­lio to 11 hos­pi­tals in six states and give the sys­tem its first fa­cil­ity in Idaho.

As­cen­sion Health CEO Robert Henkel said in a state­ment that Capella’s cur­rent pres­ence in Ore­gon and Washington state made it a good buyer.

Terms of the deal are con­fi­den­tial, and both Capella and As­cen­sion de­clined to com­ment be­yond a news re­lease, pend­ing a de­fin­i­tive agree­ment. Both sys­tems ex­pressed sup­port to con­tinue the hos­pi­tals’ faith-based ini­tia­tives.

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