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Get filing alertsSurgery Partners agrees to sell two Idaho hospitals to Intermountain Health for ~$795M
Filed July 24, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
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Surgery Partners entered binding agreements to sell Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health for approximately $795 million total consideration, valuing the combined facilities at approximately $1.15 billion.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Transaction requires physician member and governing board approvals at Mountain View Hospital before binding purchase agreements can be executed; also subject to Hart-Scott-Rodino antitrust clearance and other regulatory approvals.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Final net cash proceeds subject to customary purchase price adjustments for debt, working capital, transaction expenses, and other closing items; amount cannot yet be estimated.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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CEO characterized the sale as the largest step in portfolio optimization strategy to date, intended to simplify operations and allow focus on the ambulatory surgery center segment.
Exhibit 99.1 view on EDGAR → -
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Company reaffirmed 2026 guidance of $3.35B-$3.45B in revenues and at least $530M in Adjusted EBITDA, excluding any impact from this transaction.
Exhibit 99.1 view on EDGAR →
Summary
Surgery Partners announced a significant portfolio repositioning, entering binding agreements to sell its ownership interests in two Idaho hospital facilities—Mountain View Hospital and Idaho Falls Community Hospital—to Intermountain Health for approximately $795 million. The combined facilities are valued at approximately $1.15 billion.
This represents the company's largest divestiture to date and marks a strategic shift toward focusing on the ambulatory surgery center segment, which management views as a higher-growth opportunity. The transaction structure is notable: signature pages are currently held in escrow pending physician member and governing board approvals at Mountain View Hospital.
Only after those approvals are obtained will binding Securities Purchase Agreements be executed. Additional closing conditions include Hart-Scott-Rodino antitrust clearance, other regulatory approvals, and third-party consents. Either party can terminate if the deal does not close within sixty days after signatures are released from escrow. The company expects closing in the coming months but emphasizes there is no assurance until all approvals are obtained. For investors, this represents a material monetization event that could provide substantial capital for debt reduction, share repurchases, or reinvestment in the ASC platform. The company reaffirmed its 2026 guidance excluding the transaction's impact, signaling confidence in the base business. Final net proceeds remain uncertain due to customary purchase price adjustments. Watch for physician approval outcomes and updated guidance reflecting the transaction's impact on the business mix and financial profile.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 21, 2026, a subsidiary (“Seller”) of Surgery Partners, Inc. (the “Company”), the Company and Intermountain Health (“Buyer”) placed into escrow pursuant to a binding agreement (the “Escrow”) their respective signature pages to two Securities Purchase Agreements (the “Agreements”), pursuant to which Buyer would agree to acquire from Seller its ownership interests in Mountain View Hospital, LLC (“MVH”) and Idaho Falls Community Hospital, LLC (“IFCH”) (the “Transaction”).
Surgery Partners entered into binding agreements to sell its ownership interests in two hospital facilities — Mountain View Hospital and Idaho Falls Community Hospital — to Intermountain Health. The signature pages are held in escrow pending physician approvals and certification of representations and warranties. This represents a significant divestiture of the Company's hospital operations in Idaho.
Added in current filing · verify on EDGAR →
In addition to the satisfaction of the conditions described above in connection with the release of signatures from Escrow, the closing of the Transaction will be subject to customary closing conditions, including expiration of the applicable waiting periods under the Hart-Scott-Rodino Act, obtaining any other applicable material regulatory approvals and obtaining certain material third-party consents.
The Agreements provide for termination by either Seller or Buyer if the Transaction does not close by an outside date that is sixty days after the date the signature pages to the Agreements are released from the Escrow, which date is subject to extension in certain circumstances.
The transaction closing requires Hart-Scott-Rodino antitrust clearance, other regulatory approvals, third-party consents, and the release of signature pages from escrow (which itself requires physician approvals and certification of representations). Either party can terminate if the deal does not close within sixty days after signatures are released from escrow, though this deadline can be extended in certain circumstances.
Added in current filing · verify on EDGAR →
The Transaction relates to the Company’s hospital operations comprising Mountain View Hospital, Idaho Falls Community Hospital, and the associated subsidiaries of each of MVH and IFCH. Physician ownership of Mountain View Hospital will remain unchanged.
The sale encompasses the Company's hospital operations at Mountain View Hospital and Idaho Falls Community Hospital along with their associated subsidiaries. Notably, physician ownership of Mountain View Hospital will remain unchanged following the transaction, indicating a partial ownership structure where physicians retain their stakes.
Event · Exhibit 99.1
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Surgery Partners will release its second quarter 2026 results before the market opens on Monday, August 10, 2026, to be followed by a conference call at 8:30 a.m. (Eastern Time).
The company announced it will release second quarter 2026 earnings on August 10, 2026, before market open, followed by a conference call at 8:30 a.m. Eastern Time.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify