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CommonSpirit Health completes acquisition of 5 Utah hospitals
The Catholic health system purchased the facilities from Steward Health Care. Centura Health will manage the hospitals.
CommonSpirit Health now owns five additional hospitals in Utah.
The Catholic health system announced a deal to purchase five Utah hospitals from Steward Health Care in February. This week, the systems announced that CommonSpirit has completed the acquisition.
Brian Dunn, regional president for Steward Health Care said in a statement, “We are pleased to have found the right partner for our Utah hospitals.”
“We are extremely proud of what we’ve accomplished in Utah since acquiring the system in 2017, and we want to extend our deep thanks to our colleagues whose commitment and excellence has made a difference to patients and the local community every day since,” Dunn said in the statement.
The five hospitals and their affiliated clinics included in the agreement are: Salt Lake Regional Medical Center in Salt Lake City; Davis Hospital and Medical Center in Layton; Jordan Valley Medical Center in West Jordan; Jordan Valley Medical Center-West Valley Campus; and Mountain Point Medical Center in Lehi.
With the deal, CommonSpirit expands its presence in Utah, one of the nation’s fastest growing states. In the 2020 Census, Utah’s population rose by 18.4% over the previous decade, more than any other state.
CommonSpirit and AdventHealth formed Centura Health as a management company in 1996 to run the two systems’ hospitals in Colorado and Kansas. In February, CommonSpirit and AdventHealth announced that they were ending their partnership and will now independently operate the hospitals they own in those states.
But while CommonSpirit owns the five hospitals in Utah, the system has tapped Centura Health to manage the properties.
CommonSpirit, based in Chicago, is one of the nation’s largest nonprofit health systems, operating 138 hospitals and more than 2,000 care sites in 21 states.
Based in Dallas, Steward currently operates 33 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, and Texas.
With the deal, Steward says it can invest more in its value-based care model in other regions.
“This transaction continues Steward’s stated strategic plan to focus on and invest in value-based care,” Ralph de la Torre, chairman of Steward Health Care, said in a statement.
“We look forward to increasing our presence and financial commitment in our holistic integrated care model, for which we continue to lead the industry.”
