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Author: Suzanne Flynn/Tuesday, December 18, 2018/Categories: Industry News
The deal will allow ZoomCare to retain its name, employees, board and locations and will give PeaceHealth another revenue stream.
PeaceHealth, the Vancouver-based health care system with hospitals across the Northwest, announced on Tuesday that it is buying ZoomCare, a chain of neighborhood clinics that’s spread from Tigard to Seattle and Salem in just over a decade.
“The addition of Zoom to PeaceHealth’s networks accelerates our vision of ensuring greater health care accessibility and affordability in our communities while increasing our ability to meet the on-demand needs of today’s consumers,” Liz Dunne, PeaceHealth’s president and CEO said in a statement.
Dr. Dave Sanders, co-founder and CEO of ZoomCare, said his company and PeaceHealth share the same vision and that the buyout will put ZoomCare on firm financial footing for the future.
“We felt that we made a lot of progress but we were still at day one,” Sanders said.
The company has expanded from one location in Tigard in 2006 to 37 today. It has digital tools that allow patients to organize care online, offers specialty care that includes everything from pediatrics to physical therapy, provides surgical services and has an ER. But it needed outside financing to continue to grow.
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