Surgery Partners to Sell Hospital Interests in $795 Million Cash Deal
The divestiture is part of a portfolio optimization strategy to shift focus toward high-value ambulatory surgery centers.
Surgery Partners (SGRY) agreed to sell its ownership interests in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health for approximately $795 million. The transaction is structured as an all-cash deal.
The sale is expected to close in the coming months, subject to customary approvals.
Management framed the divestiture as a move to streamline the company's operational footprint and pivot toward a more specialized delivery model. “For Surgery Partners, assuming physician partner approval, this transaction represents the largest step forward in our portfolio optimization strategy to date, simplifying our go forward operations, and positioning us to accelerate momentum in the rapidly growing, high-value ambulatory surgery center space,” said Eric Evans, Chief Executive Officer of Surgery Partners.
Surgery Partners operates as a healthcare services provider with an outpatient delivery model, managing a network of ambulatory surgery centers, surgical hospitals, multi-specialty physician practices, and urgent care facilities across the U.S.. The company has recently emphasized the need to align its assets with a core short-stay surgical operating model to drive long-term growth.
The transaction follows a broader trend of hospital divestitures within the healthcare sector. Community Health Systems (CYH) recently completed several similar moves, including the $460 million sale of its interest in Cedar Park Regional Medical Center to Ascension Health in 2025 and a $623 million sale of joint venture interests to Vanderbilt University Medical Center in 2026.
The deal remains subject to the approval of physician partners and other regulatory requirements.