Washington hospital to invest $242 million in cancer center, expanded services

Overlake Medical Center in Bellevue, Wash., will invest $242 million to build a cancer center and develop new healthcare services.

The cancer center, to be located on the campus of the not-for-profit facility, will include radiation and surgical oncology, research, genetic counseling and a wellness center.

The hospital currently provides cancer services but it's operating “at capacity,” said J. Michael Marsh, CEO of Overlake Medical Center. He said the new center will address the growing need for cancer care with new and expanded treatment options under one roof.

The $20 million cancer center should be completed by April 2017.

Overlake will also be expanding services within the 260-bed hospital, including a new tower that will contain a childbirth center, and medical and surgical units. The upgrades will also include larger patient rooms and a new main campus entrance.

Approximately $32 million to fund the expansion was raised through philanthropic efforts. Marsh said the remaining $210 million will go on the hospital's “very strong balance sheet.”

Overlake serves 900,000 on the east side of Seattle in King County. Marsh said its population is expected to grow faster than any other region in Washington over the next 20 years.

“A key driver of this initiative is our ability to grow with our community,” Marsh said.

Maria Castellucci

Maria Castellucci is a general assignment reporter covering spot news for Modern Healthcare’s website and print edition. She writes about finances, acquisitions and other healthcare topics in markets across the country. Castellucci is a graduate of Columbia College Chicago and started working at Modern Healthcare in September 2015.

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