Mergers & Acquisitions ·
Surgery Partners sells Mountain View and Idaho Falls hospitals to Intermountain Health for $796.6M
SGRYSurgery Partners, Inc.
Surgery Partners, Inc. completed the disposition of its Mountain View Hospital and Idaho Falls Community Hospital operations to Intermountain Health on September 14, 2026. The company received aggregate consideration of approximately $796.6 million, with net cash proceeds of roughly $587 million after adjustments for closing cash, indebtedness, and transaction expenses. Proceeds are intended primarily for debt repayment. This strategic divestiture transforms Surgery Partners into a pure-play short-stay surgical provider, significantly reducing Medicaid payor mix to under 2% and eliminating non-surgical service lines such as neonatology and inpatient pediatrics. The company updated its full-year 2026 guidance, projecting revenue between $3.08 billion and $3.18 billion and Adjusted EBITDA of at least $489 million on a reported basis. Surgery Partners operates a network of ambulatory surgery centers, surgical hospitals, physician practices, and urgent care facilities across the United States.