The purchase price will be based on an enterprise value of $165 million and is subject to closing adjustments. A group of independent investors will retain 21.8 percent ownership interest.
The current majority owner sold its interest in the hospital as part of its Chapter 7 bankruptcy process.
Read the release on Iasis Healthcare and St. Joseph Medical Center (pdf).
Read more coverage on Iasis Healthcare:
– IASIS Revenue Up 7%, Earnings Down 13.5%
– Tennessee’s IASIS Healthcare Names COO
– Tennessee’s IASIS Healthcare Acquires Brim Holdings
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