OHSU and Legacy Health have mutually agreed to walk away from a deal that would have combined the two health systems. Last August, OHSU agreed to acquire Legacy's eight hospitals and $3 billion in assets, with a promise to spend $1 billion on upgrades to Legacy's facilities. "After careful consideration of the evolving operating environment, the organizations have determined that the best way to meet the needs of the communities they serve is to move forward as individual organizations," an OHSU spokesperson wrote in an email. The statement does not detail why the acquisition was called off. Leaders at Legacy and OHSU declined a request for an interview about the decision.
