GlobeNewswire·Sep 17, 2026, 9:00 AM ET

Surgery Partners Completes Sale of Ownership Interests in Idaho Falls Facilities to Intermountain Health; Updates Guidance to Include Impact of the Transaction

Surgery Partners completed the sale of its Idaho Falls facilities (Mountain View Hospital & Idaho Falls Community Hospital) to Intermountain Health.
The transaction generated $797 million in gross proceeds & $587 million in net cash proceeds, valuing the combined facilities at approximately $1.15 billion.
Proceeds are primarily designated for debt repayment, expected to reduce balance sheet leverage by 30bps to 4.1x.
Operational changes include a 50% reduction in Medicaid payor mix, 100% elimination of neonatology, obstetrics, inpatient pediatrics, pharmacy lines, & non-surgical admissions.
Full-year 2026 revenue guidance is set between $3.08 billion & $3.18 billion, with Adjusted EBITDA guidance of at least $489 million.
Pro forma guidance excluding the sold facilities projects 2026 revenue between $2.60 billion & $2.67 billion & Adjusted EBITDA of at least $414 million.
Barclays served as lead financial advisor to Surgery Partners, while RBC Capital Markets served as lead financial advisor to Intermountain Health.
Physician ownership at Mountain View Hospital remains unchanged under Intermountain Health leadership.