Iasis Healthcare

IASIS Healthcare, located in Franklin, Tennessee, was the for-profit owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. IASIS owns or leases 17 acute care hospital facilities and one behavioral health hospital facility with a total of 3,581 licensed beds and has total annual net revenue of approximately $3.2 billion. These hospital facilities are located in five regions: Salt Lake City, Utah; Phoenix, Arizona; five cities in Texas, including Houston and San Antonio; West Monroe, Louisiana; and Woodland Park, Colorado. IASIS also owns and operates Health Choice Arizona, a Medicaid and Medicare managed health plan in Phoenix that serves more than 197,000 members. IASIS Healthcare, its assets and employees have since merged with Steward Health Care System of Florida, the largest private operator of hospitals in the nation. The deal was estimated to be worth $2 billion.[2]

IASIS Healthcare
TypeLLC
IndustryHealth care
Founded1998
Headquarters
Franklin, TN
,
United States
Number of locations
18
Key people
W. Carl Whitmer (CEO)
Revenue US$3.3 billion (2017)
OwnerTPG Capital
Number of employees
13, 700 (2017) [1]
Websitehttp://www.iasishealthcare.com

Company Background

Founded in 1998, IASIS Healthcare is an owner and operator of community-focused hospitals in high-growth markets. IASIS Healthcare began principal operations in October 1999, in transactions arranged by the management team and Joseph Littlejohn & Levy. In 2004, Texas Pacific Group, a private equity firm managing over $13 billion in assets, led a group of investors to acquire IASIS. In February 2015, it filed for an initial public offering.[3]

IASIS Healthcare Foundation

The IASIS Healthcare Foundation is a charitable organization that was created in an effort to provide healthcare services, supplies and training to disadvantaged regions around the world. The Foundation's first mission was a trip to the Serengeti Region in the east African nation of Tanzania. Since then, the foundation has provided aid to Haiti after the devastating earthquake as well as the Democratic Republic of the Congo.

Hospitals
Hospital City State Acquired/Divested Acquired from/Divested to Beds
Davis Hospital and Medical Center Layton Utah 1998 Paracelsus Healthcare Corp 220
Jordan Valley Medical Center West Jordan Utah 1998 Paracelsus Healthcare Corp 172
Jordan Valley Medical Center- West Valley West Valley City Utah 1998 Paracelsus Healthcare Corp 102
Mountain Point Medical Center Lehi Utah Opened June 2015 Newly constructed campus of Jordan Valley Medical Center 40
Salt Lake Regional Medical Center Salt Lake City Utah 1998 Paracelsus Healthcare Corp 158
Mountain Vista Medical Center Mesa Arizona 1999 Tenet Healthcare 178
St. Luke's Medical Center Phoenix Arizona 1999 Tenet Healthcare 200
St. Luke's Behavioral Health Center Phoenix Arizona 1999 Tenet Healthcare 124
Tempe St. Luke's Hospital Tempe Arizona 1999 Tenet Healthcare 87
Odessa Regional Medical Center Odessa Texas 1999 Tenet Healthcare 225
Southwest General Hospital San Antonio Texas 1999 Tenet Healthcare 327
St. Joseph Medical Center Houston Texas 2011 Hospitals Partners of America 790
The Medical Center of Southeast Texas Port Arthur Texas 1999 Tenet Healthcare 199
The Medical Center of Southeast Texas—Victory Campus Beaumont Texas 2015 physicians group 17
Wadley Regional Medical Center Texarkana Texas 2010 Brim Holdings 370
Glenwood Regional Medical Center West Monroe Louisiana 2006 Hospital Service District 278
Wadley Regional Medical Center at Hope Hope Arkansas 2010 James Cheek 79
Pikes Peak Regional Medical Center Woodland Park Colorado 2010 Brim Holdings 15
Pikes Peak Regional Medical Center Woodland Park Colorado 2010 Brim Holdings 15
Palms of Pasadena Hospital St. Petersburg Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 307
Memorial Hospital of Tampa Tampa Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 183
Town and Country Hospital Tampa Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 201
North Vista Hospital Las Vegas Nevada 1999/2014 Tenet Healthcare/Prime Healthcare Services 177

See also

References
  1. https://www.forbes.com/companies/iasis-healthcare/#39001b1b5c69
  2. "Steward closes $2B acquisition of Iasis' 18 hospitals". Modern Healthcare. 2 October 2017.
  3. Snyder, Eric; Kennedy, Eleanor (2 Feb 2015). "Iasis files for $100M IPO". Nashville Business Journal. Retrieved 17 March 2015.
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