Parkview Health System will join UCHealth in 2023, and UCHealth plans to inject $200 million into the system over the next few years, The Colorado Springs Business Journal reports.
The $200 million investment in Parkview, which has hospitals and clinics in Pueblo, Cañon City and Colorado City, includes a $5 million donation to the Parkview Foundation to create a fund for patients, the Pueblo community and Parkview Medical Center, the system’s hospital.
UCHealth also plans to introduce advanced treatments and clinical trials at Parkview’s Pueblo facilities.
Parkview has been facing “financial challenges” due to the COVID pandemic, economy and a high volume of patients who are on government health care, Leslie Barnes, Parkview’s president and CEO, said in the release. About 80 percent of patients treated at the hospital are covered by Medicare, Medicaid or another public program — one of the highest volumes in the state, she said. Read more.
