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.

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.

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

HospitalCityStateAcquired/DivestedAcquired from/Divested toBeds
Davis Hospital and Medical CenterLaytonUtah1998Paracelsus Healthcare Corp220
Jordan Valley Medical CenterWest JordanUtah1998Paracelsus Healthcare Corp172
Jordan Valley Medical Center- West ValleyWest Valley CityUtah1998Paracelsus Healthcare Corp102
Mountain Point Medical CenterLehiUtahOpened June 2015Newly constructed campus of Jordan Valley Medical Center40
Salt Lake Regional Medical CenterSalt Lake CityUtah1998Paracelsus Healthcare Corp158
Mountain Vista Medical CenterMesaArizona1999Tenet Healthcare178
St. Luke's Medical CenterPhoenixArizona1999Tenet Healthcare200
St. Luke's Behavioral Health CenterPhoenixArizona1999Tenet Healthcare124
Tempe St. Luke's HospitalTempeArizona1999Tenet Healthcare87
Odessa Regional Medical CenterOdessaTexas1999Tenet Healthcare225
Southwest General HospitalSan AntonioTexas1999Tenet Healthcare327
St. Joseph Medical CenterHoustonTexas2011Hospitals Partners of America790
The Medical Center of Southeast TexasPort ArthurTexas1999Tenet Healthcare199
The Medical Center of Southeast Texas—Victory CampusBeaumontTexas2015physicians group17
Wadley Regional Medical CenterTexarkanaTexas2010Brim Holdings370
Glenwood Regional Medical CenterWest MonroeLouisiana2006Hospital Service District278
Wadley Regional Medical Center at HopeHopeArkansas2010James Cheek79
Pikes Peak Regional Medical CenterWoodland ParkColorado2010Brim Holdings15
Pikes Peak Regional Medical CenterWoodland ParkColorado2010Brim Holdings15
Palms of Pasadena HospitalSt. PetersburgFlorida1999/2013Tenet Healthcare/Hospital Corporation of America307
Memorial Hospital of TampaTampaFlorida1999/2013Tenet Healthcare/Hospital Corporation of America183
Town and Country HospitalTampaFlorida1999/2013Tenet Healthcare/Hospital Corporation of America201
North Vista HospitalLas VegasNevada1999/2014Tenet Healthcare/Prime Healthcare Services177