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Overlake and MultiCare sign affiliation agreement

Press releases may be edited for formatting or style | May 22, 2024 Business Affairs
TACOMA, Wash., May 21, 2024 /PRNewswire/ -- Overlake Medical Center & Clinics and MultiCare Health System announced today that they have signed an affiliation agreement emphasizing their joint long-term commitment to deliver the highest quality, most advanced health care to communities across Washington. Through this agreement, Overlake and its network of clinics will comprise the new North Sound region of MultiCare's statewide network and will be the North Sound region's flagship health system.

"Overlake and MultiCare have a shared commitment to transform health care in the region. This affiliation will enable both of our organizations to grow and thrive," said Jason Thompson, chair of Overlake Medical Center & Clinics Board of Trustees. "Overlake is an exceptional organization, and this affiliation will allow us to sustain and strengthen our 64-year commitment of providing care to our community."

Together, these two well-regarded health systems will work to expand local access to health care and invest in the communities they both serve. This affiliation will provide opportunities for Overlake and MultiCare to collaborate and integrate in ways that will best enable both organizations to respond to health care industry challenges and advance the quality of care they collectively provide. Commitments outlined in the agreement will create a combined strategic, financial, operational and clinical platform that will better position the organizations to achieve their goals.

Key details of the commitments include:

Significant capital investment in the region: Overlake and its network of clinics will comprise the new North Sound region within MultiCare's statewide network, reflecting Overlake's expanding regional service area within King and Snohomish counties. The two organizations will invest significantly to meet the growing health care needs of the Eastside and North Sound communities. Together, the organizations will provide ever greater access to the excellent clinical care for which Overlake is known.

Amplification of Overlake services: MultiCare has a shared interest in growing Overlake's services in the new North Sound region and maintaining their strong levels of clinical performance. Overlake will retain its name and logo as the two organizations work together to increase access to exceptional, compassionate health care.

Local leadership, medical staff and foundation: Overlake's Board of Trustees, leadership team, medical staff structure and local Foundation will remain. Overlake will continue their unique local culture as a community institution, while drawing upon the strengths of the affiliation. Any gifts made to the Overlake Foundation will continue to support Overlake and the community it serves.

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