Southwest Washington Medical Center and PeaceHealth made their marriage final Wednesday, signing papers to launch a nonprofit health system with roughly 15,000 employees, eight hospitals and nearly $2 billion in revenues.
The deal cements Bellevue-based PeaceHealth’s plan to move its corporate headquarters and some employees from its other locations to Vancouver, bringing some 340 new jobs with it. It also boosts Vancouver-based Southwest Washington Medical Center’s capacity to expand hospital services in the years ahead while enabling it to team up with another PeaceHealth affiliate — St. John Medical Center in Longview — to serve Southwest Washington residents.
“We can move on with the good work to make this relationship all that it can be in terms of helping expand the services we can offer to the community,” said Ken Cole, spokesman for Southwest.
Joe Kortum, president and CEO of Southwest, and Alan Yordy, president and chief mission officer for PeaceHealth, met at Southwest’s campus Wednesday for a ceremony during which they signed the final documents to seal the deal, Cole said.
Noting that Southwest already employs more than 3,000 people, Kortum said the added economic impact of PeaceHealth coming to town cannot be understated.