Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

IASIS Healthcare signs definitive agreement to sell North Vista Hospital

Franklin, Tenn.-based IASIS Healthcare has signed a definitive agreement to sell 177-bed North Vista Hospital in Las Vegas to Ontario, Calif.-based Prime Healthcare Services.

"As we continue to execute on both short- and long-term growth initiatives in our core markets and at Health Choice, our managed care solutions business, the right move for IASIS  was to find a healthcare provider that desired to grow its footprint in Nevada to own and operate North Vista," said Carl Whitmer, president and CEO of IASIS.

The financial terms of the agreement have not been disclosed, and the organizations expect the transaction to close by the end of this year.

This is the second transaction involving Prime Healthcare that has been announced recently. Earlier this week, Franklin, Tenn.-based Community Health Systems signed a definitive agreement to sell Riverview Regional Medical Center in Gadsden, Ala., and its related outpatient services to Prime Healthcare.

More articles on healthcare industry transactions:

The role of affiliations and consolidation in the healthcare ecosystem
CHS to sell Riverview Regional Medical Center to Prime Healthcare
Bert Fish Medical Center in exclusive partnership talks with Florida Hospital

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months