EvergreenHealth and Overlake Medical Center Announce Joint Venture

BELLEVUE, Wash. & KIRKLAND, Wash.–(BUSINESS WIRE)–EvergreenHealth and Overlake Medical Center have formed Eastside Health
Alliance, a joint venture to improve access, coordination of care and
offer the greatest quality and value to residents of the Puget Sound’s
Eastside.

The joint venture is structured around three defined initiatives:

1. Collaboration in cardiac, neuroscience and thoracic surgery services
to offer comprehensive care for the Eastside community.

2. A Coordinated Quality Program (CQP) to share safety and quality data
and best practices.

3. Formation of a single Eastside Clinically Integrated Network (CIN),
known as the Eastside Health Network, which combines Overlake Provider
Network and Evergreen Health Partners to standardize quality
improvement; patient care management for proper utilization of care;
clinical protocol development; and work directly with business and
payers to enhance value and lower the cost of care.

“Our organizations share the goal of providing the highest quality, best
value, safest and most comprehensive care,” said Overlake President and
CEO J. Michael Marsh. “Through this joint venture, we are able to better
compete in the ever-changing health care marketplace and benefit from
the sharing of best practices, operational efficiencies, enhanced care,
and bolstering our organizations’ position as the Eastside’s preferred
health care systems.”

The Eastside Health Network, in partnership with Eastside physicians,
will participate in existing and new accountable care networks.
Additionally, the organizations will share infrastructure expenses and
gain population health expertise while also aligning independent and
employed physicians across the Eastside for improved care coordination
and quality.

“Providing our community with access to more highly coordinated
subspecialty care will serve to improve the health and well-being of the
entire Eastside,” said EvergreenHealth CEO Robert Malte.
“EvergreenHealth and Overlake Medical Center have a history of working
together, and in collaboration with independent providers through our
clinically integrated networks. Our new joint venture will further this
collaboration and help us simultaneously improve clinical outcomes for
our patients and reduce the per capita cost of care for the benefit of
patients, businesses and our region.”

The organizations will remain separate entities and the joint venture
will have no impact on either organization’s governance, administration,
or tax exempt status. The strategic alliance will be a 50/50 joint
venture, structured as a limited liability company (LLC) around the
three initiatives noted above. The joint venture will be governed by a
new Board of Directors, with equal representation appointed by both
boards.

Reporters interested in interviews should contact Kipepeo Brown at
Overlake Medical Center, 425-631-6611 / Kipepeo.brown@overlakehospital.org
or Sasha Weiler at EvergreenHealth, 425-223-2416 / sdweiler@evergreenhealth.com.

To learn more about Eastside Health Alliance and Eastside Health
Network, visit www.eastsidehealthalliance.org.

About Overlake Medical Center

Overlake Medical Center is a nonprofit, non-tax-supported regional
hospital with a network of medical clinics located throughout the
Eastside. Founded by the community in 1960, the hospital is licensed for
349 beds and offers a comprehensive range of services including cardiac
care, neuroscience, cancer care, general and specialty surgery, women’s
programs, senior care and psychiatric services. Overlake Medical Center
is one of only three hospitals in the state to receive a Leapfrog ‘A’
hospital safety score for three years in a row and it is ranked by
Healthgrades in the top 10% of hospitals in the nation for stroke, joint
replacement and bariatric surgery. For more information, visit www.overlakehospital.org.

About EvergreenHealth

EvergreenHealth is a public district hospital system formed in 1972
that includes two hospitals, a 318-bed acute care medical center in
Kirkland and a 72-bed acute care hospital in Monroe, a multispecialty
group practice with 300 providers and over 25 specialties, a network of
10 primary care locations, two urgent care centers, three emergency
departments, a medical staff of over 1,150 physicians in 80 specialties
and the region’s largest home care and hospice services. EvergreenHealth
offers extensive community health outreach, anchored by its 24/7 Nurse
Navigator & Healthline. EvergreenHealth has been named one of the
nation’s 100 Top Hospitals® by Truven Health Analytics™, an eight-time
Distinguished Hospital for Clinical Excellence from Healthgrades®, one
of only two CMS 5-star hospitals in Washington State and holds an ‘A’
hospital safety score from Leapfrog. For more information, visit www.evergreenhealth.com.

Contacts

EvergreenHealth
Sasha Weiler, 425-223-2416
sdweiler@evergreenhealth.com
Media
Hotline, 425-899-2555
or
Overlake Medical Center
Kipepeo
Brown, 425-688-5603
kipepeo.brown@overlakehospital.org
Media
pager, 425-631-6611