HCA Healthcare will purchase 5 hospitals in Utah owned by Steward Well being Care, including to HCA’s presence within the mountain states.
HCA at present owns 8 hospitals in Utah. This buy permits the for-profit hospital large to compete with the state’s largest supplier, Intermountain Healthcare, which owns 24 hospitals within the state, together with a digital hospital. Not-for-profit Intermountain final week introduced it was merging with SCL Well being to type an $11 billion system with 33 hospitals.
“Utah is likely one of the fastest-growing areas within the nation, and the state’s want for healthcare continues to extend,” mentioned HCA CEO Sam Hazen in a press launch. “We imagine the addition of those amenities will assist us enhance healthcare community choices for sufferers and allow funding in companies to satisfy growing demand for healthcare.”
HCA additionally has two hospitals in Idaho.
Dallas-based Steward Well being Care operates 44 hospitals within the U.S. and overseas.
“We’re very pleased with Steward’s vital contributions to the standard and effectivity of operations in these amenities,” mentioned Steward Well being Care Chairman and CEO Ralph de la Torre within the press launch. “We’re assured that the mixture with HCA Healthcare will allow the achievement of price financial savings and additional improved high quality of look after sufferers in Utah. For Steward, this transaction frees up further capital to extra intentionally put money into its accountable care mannequin by reinvesting in risk-based alternatives and healthcare growth.”
HCA is predicated in Nashville and consists of 187 hospitals and roughly 2,000 ambulatory websites of care.
Earlier this month, Macquarie Infrastructure Companions V introduced it was buying 50% of the actual property belongings of eight Steward hospitals in Massachusetts.