Providence Health & Services, one of the nation’s largest not-for-profit Catholic healthcare systems, continues to maintain a significant presence in Alaska’s skilled nursing facility (SNF) sector, according to the latest CMS data as of January 2025.
Alaska Portfolio Highlights
The data reveals that Providence Health & Services operates four skilled nursing facilities in Alaska, positioning it as one of the top owners in the state’s SNF sector. This matches the footprint of related entities Providence Health & Services – Washington and Providence St. Joseph Health, which also operate four SNFs each in Alaska.
Beyond skilled nursing, Providence Health & Services maintains a diverse healthcare portfolio in Alaska, including six critical access hospitals, three acute care hospitals, and single agencies in both home health and hospice sectors. In total, the organization operates 15 healthcare facilities across Alaska.
National Footprint
Nationally, Providence Health & Services demonstrates substantial reach with 90 healthcare facilities across five states. The organization’s portfolio includes 33 hospitals, 16 critical access hospitals, and 12 skilled nursing facilities. Washington state hosts the largest concentration of facilities (31), followed by Oregon (23), California (16), Alaska (15), and Montana (5).
Ownership Structure
Analysis of ownership data indicates that of the 90 facilities associated with Providence Health & Services, only five are under full ownership (100%), with one facility having ownership between 5% and 50%. This suggests the organization employs a strategic approach to facility management that often involves partnerships or partial ownership arrangements.
Market Outlook
Alaska’s skilled nursing sector faces unique regulatory and reimbursement challenges that impact M&A activity and investment strategies. Facilities must navigate both federal CMS requirements and state-specific regulations from the Alaska Department of Health and Social Services. The state’s geographic isolation and higher operational costs influence Medicaid reimbursement rates, creating a complex financial environment for operators.
Led by CEO Erik G. Wexler and CFO Greg Hoffman, Providence Health & Services appears well-positioned to navigate these challenges through its established presence and diversified healthcare portfolio in Alaska and across the western United States.
