IASIS Issues Dividend to Shareholders Following Transactions

Franklin, Tenn.-based IASIS Healthcare has paid out an undisclosed dividend to its private shareholders, according to a filing with the Securities and Exchange Commission.

In June 2012, IASIS announced it had approximately $115 million left over from a debt refinancing/dividend payment, and the for-profit hospital operator planned on using it for future acquisitions, development projects and other "general corporate purposes."

According to the SEC filing, IASIS approved the additional dividend payment after its two recent sales. In September, it completed a sale-leaseback transaction with Medical Properties Trust for $281.3 million. Earlier this month, IASIS closed on the sale of its three Florida hospitals to Nashville, Tenn.-based Hospital Corporation of America for an undisclosed amount.

IASIS officials said the proceeds from the two recent transactions will now be used for further acquisitions and development projects. IASIS, which owns and operates 16 acute-care hospitals and one behavioral health center, has not acquired a hospital since 2011.

More Articles on IASIS Healthcare:
IASIS Jumps on Arizona's Insurance Exchange
HCA Completes Purchase of IASIS' Florida Hospitals
Capella Healthcare Working With Private Equity Firm to "Evaluate" Options

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