Trios Health seeks help from hospitals amid financial troubles
KENNEWICK, Wash. - Trios Health is possibly looking for assistance in establishing long-term financial vitality from two regional hospitals.
The Kennewick Public Hospital District (KPHD) announced Trios Health's interest in a relationship with RCCH HealthCare Partners (RCCH) and UW Medicine after the hospital filed Chapter 9 bankruptcy on June 30, 2017.
The hospital filed its petition for relief after officials held a conference in March 2017 to announce job cuts and the reduction of employee hours at their facility.
According to Trios Health leaders, the hospital was working towards better financial viability since February 2017.
RCCH and UW Medicine are pulling resources in assisting Trios.
“We are pleased to be in discussions with these two esteemed institutions which see the value in what we offer and understand the tremendous opportunities within and for this community,” said Marv Kinney, president of the KPHD Board of Commissioners.
Trios Health and RCCH are working on a viable long-term debt plan with Trios creditors as part of the Chapter 9 process.
Kinney noted that a potential deal has not been finalized, according to a Trios Health statement.
RCCH owns and operates 16 regional health systems in 12 states, including Capital Medical Center in Olympia, Washington. It is headquartered in Tennessee.
UW Medicine is a Seattle-based system that runs four hospitals, including Harborview Medical Center.