Intermountain Health to Acquire Two Idaho Hospitals from Surgery Partners for $1.2 Billion
Intermountain Health has announced a proposed deal valued at nearly $1.2 billion to fully acquire two hospitals and over 60 affiliated clinics in southeast Idaho, currently co-owned with Surgery Partners since 2023. The transaction is conditional on approvals from the governing board of one hospital but could close within months if all conditions are met. The deal includes Mountain View Hospital and Idaho Falls Community Hospital, which generated approximately $740 million in revenue last year according to data cited by TD Cowen analyst Ryan Langston. Intermountain expects this acquisition to strengthen its regional presence as it continues expanding services across six states. Surgery Partners anticipates receiving nearly $800 million from the deal and views it as a strategic step toward focusing on outpatient care, particularly ambulatory surgery centers. Surgery Partners CEO Eric Evans described the transaction as a significant milestone in their portfolio optimization strategy, aligning with their shift away from capital-intensive hospital assets. Intermountain recently expanded into Nevada and eastern Montana and has partnered with AdventHealth for joint operations in Denver.
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