Everett Clinic to buy Totem Lake Family Medicine in Kirkland

  • Wednesday, March 22, 2017 10:51am
  • Business

The Everett Clinic has announced plans to buy a Kirkland-based family practice clinic and to open two new clinics in Bothell and Woodinville this year.

The purchase of Totem Lake Family Medicine, its first expansion on the Eastside, is expected to be completed April 1. The Kirkland clinic has six doctors and a physician assistant.

“It was really a natural fit,” Chris Knapp, chief executive of The Everett Clinic, said. “They feel like our family down there.”

Details of the purchase agreement were not immediately available. A representative of Totem Lake Family Medicine declined comment.

The clinic is adjacent to the EvergreenHealth campus in a building owned by the hospital.

The move is part of an expansion plan following The Everett Clinic’s purchase last year by DaVita Inc. Everett Clinic officials said becoming part of the larger DaVita organization would help finance its plans to double its size in four years.

“We and DaVita are really laser-focused on being the leading independent medical group in the Pacific Northwest,” Knapp said.

“Totem Lake really fits within that long-term strategy.”

The Everett Clinic’s growth has included opening a new $17 million clinic in Shoreline last year, its first in King County, as well as a $3 million community clinic in the Thomas Lake neighborhood near Mill Creek in December.

In January, it opened a $10 million outpatient surgery center and walk-in clinic in Edmonds.

It currently has 330,000 patients.

The Everett Clinic plans to open two more clinics, both costing about $3 million. One will be in Bothell Junction, a retail center, with primary care, behavioral health, a walk-in clinic, and X-ray services. The other will be in Woodinville, with primary care and some specialty services, Knapp said.

“Continuing down the I-405 corridor is absolutely part of our growth and expansion plans,” he said.

The Everett Clinic is still considering how to develop the former Emery’s Garden site, 5.5 acres it owns on 164th Street in Lynnwood. Plans could be announced later this year, Knapp said.

The expansion is not simply for the sake of growth, he said, but so the organization can effectively manage groups of patients. For example, Medicare Advantage insurance plans are placing more emphasis on keeping patients healthy rather than simply paying clinics for each medical service provided.

Doctors can receive a bonus when patients stay healthy, Knapp said. And some insurance plans provide incentives to patients who take steps to stay well.

Sharon Salyer can be reached at 425-339-3486; salyer@heraldnet.com.

More in Business

Kirkland will see numerous developments in Kirkland Urban, including a Shake Shack location, Tutta Bella location and a weekly special event on Park Lane nearby. Kailan Manandic/staff photo
Eastside business booms with summer options

Locals can visit numerous new developments this summer, all within Eastside communities.

Hawaiian chef’s poke chain opens up shop in Kirkland

Chain offers Kirkland marina-goers fresh fish in Hawaiian marinades.

EvergreenHealth’s CEO stepped down after nine months

Dr. Amy Beiter left the position on May 31 as part of a mutual decision, officials said.

Local real estate market brings more opportunities for buyers

Homebuyers are also benefiting from lower interest rates, which are currently are less than four percent.

Courtesy photo
                                Locals celebrate Kirkland’s newest pot shop, The Evergreen Market, which opened April 25.
Evergreen Market opens fourth shop in Kirkland

The ribbon cutting ceremony was held on April 25.

Microsoft reveals project criteria for $500 million affordable housing funds

The company will soon accept applications for projects related to affordable housing on the Eastside.

Stephanie Quiroz/staff photos
                                Greater Kirkland Chamber of Commerce celebrates with owner Kimberly Johansen, the Empowered Pregnancy team, friends, and family on the grand opening of Empowered Pregnancy, PLLC on May 9.
Second out-of-hospital birth center comes to Kirkland

Community welcomed Empowered Pregnancy Birth Center and Women’s Wellness Clinic on May 9.

‘Busy’ housing market enters pre-summer phase

As the pre-summer market begins, standing out from the crowd is crucial for buyers.

The data visualized here was compiled from Apartment List’s monthly rent reports. See an interactive chart below. Kailan Manandic / data illustration
Eastside rental market could balance out with the region

Eastside rent medians increased by 2.8 in the past year, a decrease in growth from previous years.

Boeing probe reaches Kirkland local after deadly crashes

The criminal investigation into Boeing’s 737 MAX certification seeks information from a local expert.

Kirkland Urban, the nearly completed mixed-use development in downtown Kirkland, will host Shake Shack along with about a dozen other tenants. Kailan Manandic / staff photo
Shake Shack to open in Kirkland

The East Coast burger chain will open in Kirkland Urban, the nearly completed mixed-use development.