An affiliation agreement between Willamette Falls Hospital in Oregon City and Providence Health & Services got the green light from Oregon Attorney General John Kroger.
Willamette Falls-Providence deal given go-ahead
The hospital will change its name to Providence Willamette Falls Medical Center effective Oct. 1. Willamette Falls Hospital, a 91-bed, not-for-profit community facility, chose to join Providence Health & Services in May. Providence Health is a not-for-profit faith-based system operating in five Western states.
As part of the deal, Providence Health agreed to contribute $55 million to a capital investment fund for the hospital, as well as $3.5 million to the hospital's foundation.
“We are excited to move forward with this new partnership with Providence,” said Russ Reinhard, Willamette Falls Hospital president and CEO, in a written statement. “It means a lot to those of us who are dedicated to Willamette Falls Hospital, and it means a lot to the continued health of our community.”
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