Mid-Columbia Medical Center Joins Adventist Health
Transaction Announcement
Mid-Columbia Medical Center (MCMC) located in The Dalles, OR has joined Adventist Health headquartered in Roseville, CA. MCMC sits in the Columbia River Gorge market, ~85 miles east of Portland. This is the first hospital transaction approved by the Oregon Health Authority’s new Healthcare Market Oversight program.
MCMC initiated a process to assess strategic alternatives in early 2022 and selected Adventist as the partner of choice in late 2022. As part of the transaction, Adventist has committed to invest over $100 million of capital over ten years, assume responsibility for MCMC’s financial obligations, preserve services, enhance physician recruiting and retention efforts, and implement integrated information technology systems. With these investments, MCMC solidifies its role as a leading medical and economic engine of the region.
Juniper’s Role
The Board of MCMC engaged Juniper Advisory to proactively assess its strategic alternatives and to implement a competitive process to evaluate a range of structural options. Juniper designed and managed a comprehensive market-clearing process, drafted information materials, assembled an electronic data room, conducted reverse due diligence, and negotiated the agreement between the parties. Juniper assisted to navigate the simultaneous dissolution of an affiliation with Oregon Health & Science University and rigorous, untested regulatory review.
Mid-Columbia Medical Center
Mid-Columbia Medical Center is a 120-year-old nonprofit hospital that serves as a regional tertiary care center for approximately 90,000 residents in a rural market. MCMC has roughly 950 employees and 200 physicians performing over 30 specialties. The organization was the first to adopt Planetree and Personal-Centered Care principles in the early 1990s. MCMC maintains four federally qualified rural health clinics. MCMC clinics have successfully achieved Tier 5 status as defined and approved by the Coordinated Care Model (CCO) that exists in the state of Oregon.
Adventist Health
Adventist Health is one of the largest faith-based health systems on the West Coast, with ~37,000 associates servicing ~80 communities in California, Hawaii, Oregon, and Washington. The company operates 23 hospitals, 379 clinics, 15 home care agencies, eight hospice agencies, and one continuing care retirement community. Adventist’s BlueZones initiatives focus on Social Determinants of Health and health equity in underserved populations.
Additional Details
For more information, please refer to Mid-Columbia’s website, or click here to contact us.
