Brentwood, Tenn.-based Surgery Partners has entered into an agreement to sell its ownership interests in two Idaho hospitals to Salt Lake City-based Intermountain Health, which is an existing partner in the facilities.
Under the agreement, Intermountain will acquire Surgery Partners’ ownership interest in Idaho Falls Community Hospital and Mountain View Hospital, also based in Idaho Falls, according to a July 24 news release. The deal values the facilities at approximately $1.15 billion, with total consideration to Surgery Partners of roughly $795 million.
Combined, the facilities employ more than 150 physicians and include 126 beds across nine surgical specialties, plus oncology, emergency department, ICU and neonatology services.
The transaction is expected to be completed in the coming months and is subject to customary closing conditions, including Mountain View Hospital physician member and physician governing board approvals.
“While our Idaho Falls partnerships have been a large and successful part of our company’s growth story, these unique facilities are best positioned for their next chapter of growth with an outstanding regional health system like Intermountain,” Surgery Partners CEO Eric Evans said in the release.
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