The three health systems signed an asset purchase agreement, under which Chicago-based CommonSpirit will acquire five hospitals, more than 35 medical group clinics and a clinically integrated network of providers from Dallas-based Steward. The assets will be wholly owned by CommonSpirit but managed by Centennial, Colo.-based Centura.
The systems expect the transaction to close later this year. The five Utah hospitals to change hands are:
- Davis Hospital and Medical Center in Layton
- Jordan Valley Medical Center in West Jordan
- Jordan Valley Medical Center-West Valley Campus
- Mountain Point Medical Center in Lehi
- Salt Lake Regional Medical Center in Salt Lake City
The proposed deal marks Steward’s second effort in the past year to unload the five Utah hospitals. In June, Nashville, Tenn.-based HCA Healthcare and Steward abandoned their proposed deal involving the hospitals 13 days after the Federal Trade Commission challenged the transaction.
