Salt Lake City-based Intermountain Health has agreed to acquire full ownership of two Idaho hospitals and more than 60 affiliated clinics that it has co-owned with Brentwood, Tennessee-based Surgery Partners. The transaction is valued at almost $1.2 billion, according to the companies’ announcement on July 27, 2026.
Under the agreement, Mountain View Hospital and Idaho Falls Community Hospital, along with the hospitals’ southeast Idaho clinic network, would transfer fully to Intermountain. The organizations have jointly owned the network since 2023. The release states that the facilities’ leadership, jobs and compensation are expected to remain unchanged as part of the deal.
Surgery Partners said it expects to receive just under $800 million in cash proceeds when the transaction closes, though the company cautioned the final amount is subject to adjustment and it could not provide a precise final figure at this time. Management described the sale as a material step in its portfolio optimization effort to divest larger, more capital-intensive hospital assets that do not fit its increasingly outpatient-focused model.
Surgery Partners operates surgical facilities, multi-specialty physician practices and anesthesia services across 30 states and has been concentrating more on ambulatory surgery centers (ASCs), including several de novo ASC builds it has in the pipeline. In a statement, CEO Eric Evans called the transaction the largest step yet in that strategy and said it would simplify operations and help the company accelerate in the ambulatory surgery space.
Data cited in the announcement shows the two hospitals produced significant volumes: last year, Mountain View Hospital and Idaho Falls Community Hospital combined for about $740 million in revenue and roughly $100 million in earnings before interest, taxes and other adjustments. That data came from the American Hospital Association’s hospital directory and was highlighted by TD Cowen analyst Ryan Langston.
For Intermountain, the acquisition would expand a portfolio that already includes 34 hospitals and about 400 clinics across six states. The system has been active in strategic growth and service expansions, including recent moves in Nevada and eastern Montana as well as a joint operating agreement with AdventHealth in Denver.
The companies stressed the transaction is proposed and remains subject to closing conditions. One specific condition is approval from Mountain View Hospital’s physician member and physician governing board. Surgery Partners emphasized that until those approvals are obtained, there is no assurance the transaction will be completed.
The companies indicated the deal could close in the coming months if required approvals and other closing conditions are met.
According to the release, the hospitals’ leadership structure, employment and compensation arrangements should remain as they are following the transfer of ownership. The announcement did not provide further detail on timelines for operational integration, any planned changes to clinical services, or potential capital projects tied to the transaction.
Intermountain has been making capital investments and strategic moves across its regional footprint; how the two acquired hospitals will be integrated into the system’s broader service and capital plans was not detailed in the release.
For Intermountain, acquiring these southeast Idaho facilities would add to a growing network that the nonprofit regional health system says includes 34 hospitals and roughly 400 clinics across six states. The company has expanded services and entered new markets in recent months, including agreements and service launches in Nevada, eastern Montana and a joint operating arrangement in Denver.
Surgery Partners positioned the sale as consistent with an ongoing shift toward outpatient care. By selling larger hospital assets, the company expects to redeploy capital and management focus into ambulatory surgery centers and other outpatient businesses it operates nationwide. Surgery Partners said the proceeds will be substantial but warned the final cash received could change under the terms of the agreement.
The revenue and earnings figures for the two hospitals cited in the release were drawn from the American Hospital Association’s directory and were referenced by TD Cowen analyst Ryan Langston. Those figures provide context for why the transaction is sizable and why Surgery Partners might view the assets as relatively capital-intensive compared with its target outpatient portfolio.
Both organizations said the transaction could close in the coming months provided necessary approvals and closing conditions are satisfied. Specific next steps called out in the announcement include obtaining approval from Mountain View Hospital’s physician member and physician governing board. Beyond those governance approvals, the release did not list other regulatory reviews or additional timelines.
If approvals are secured and the transaction completes, Intermountain will assume full ownership of the two hospitals and their affiliated clinics; Surgery Partners will receive cash proceeds and continue to pursue its outpatient expansion strategy. The companies did not provide further operational detail, integration plans or projected changes in services in the announcement.
The proposed sale transfers full ownership of Mountain View Hospital, Idaho Falls Community Hospital and over 60 clinics in southeast Idaho from a joint venture with Surgery Partners to nonprofit Intermountain Health for nearly $1.2 billion. Surgery Partners expects to net about $800 million but noted the amount is subject to adjustment. The transaction remains subject to approvals, including from Mountain View Hospital’s physician governing body, and is not yet final. Further details on integration and timing were not reported in the companies’ announcement.
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