KENNEWICK, WA - The Kennewick Public Hospital District has announced the completion of its sale of Trios Health to Tennessee-based RCCH Trios Health, LLC, which will operate the health system with UW Medicine under its joint venture RCCH-UW Medicine Healthcare Holdings, LLC. The health care system was sold following the Plan of Adjustment approved by Federal Bankruptcy Court on June 20, 2018.
Effective August 3, 2018, the operations of Trios Southridge Hospital, Trios Women's & Children's Hospital and Trios Medical Group - with approximately 1,100 providers, clinicians, support staff, and volunteers - will transition to RCCH and continue to provide care and services for the Tri-Cities community. The District will retain oversight of Trios Adult Day Services.
The acquisition, which has been anticipated following the District's June 30, 2017 filing for bankruptcy on Chapter 9, was a critical piece of the bankruptcy plan, which was confirmed by the federal bankruptcy court last month.
In February 2017, the District engaged Quorum Health Resources to manage Trios Health through Chapter 9 bankruptcy protection with the intent to leave protection through sale. Last summer, Quorum introduced RCCH to the District's Board of Commissioners as a potential buyer for Trios Health.
In February 2018, RCCH formalized a public-private partnership with UW Medicine to own and operate community hospitals in Washington, Alaska, and Idaho; RCCH will operate and manage these facilities and UW Medicine will provide clinical and quality expertise. Trios Health is the first Tri-Cities facility to operate under RCCH-UW Medicine partnership.
With the transaction closing, the Hospital District, which will no longer have operational responsibilities for Trios Health, will continue but with a revamped community health mission, including community health outreach and programs.