Tacoma, Wash.-based MultiCare’s proposed merger with Corvallis, Ore.-based Samaritan Health Services is being reviewed by the Oregon Health Authority, according to a Feb. 12 report from The Lund Report.
The two health systems said that the deal is necessary due to Samaritan Health Services’ poor financial condition. MultiCare would invest $700 million into Samaritan Health over 10 years to help the system stabilize and expand its network.
A 30-day initial review of the proposal was launched earlier in February. The Health Care Market Oversight office reviews major healthcare acquisitions and mergers to determine that they would negatively impact working conditions, cost and access to care…